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Australian aviation sector thrown another lifeline, but is it enough?

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The global aviation sector has taken a major hit due to the pandemic as lockdowns and travel restrictions continue across the world

Australia’s aviation sector has been thrown another lifeline.

Domestic airline crew will gain access to Covid support payments of $750 a week, in an extension of the Australian federal government assistance for the aviation industry.

Australia’s Deputy Prime Minister Barnaby Joyce announced a range of measures to “keep domestic aviation ready for takeoff” – and that included assistance to retain workforce capability.

The Deputy PM says the decision to limit assistance to flight and cabin crew outside of hot spots, was due to the importance of the aviation industry in keeping Australia’s economy going.

“This is a crucial sector of the economy, it’s crucial to keep the sovereign airline capacity.,”

Joyce Said
Australia’s Deputy PM, Barnaby Joyce.

Australia’s travel market, like the rest of the world, continues to be hammered by COVID

Initially, 50 percent of pilots and cabin crew would be eligible for the $750 a week payment, providing airlines could show their revenue was down at least 30 percent.

“If the crisis goes on then we have the capacity to scale up to more than 50 per cent of employees who are aircrew, we’re talking about pilots and flight attendants,”

said Mr Joyce.

Airlines quickly welcomed the assistance, and the extension of key programs subsidising domestic and regional flights until the year’s end.

A half-price airfare initiative set to end in September was also extended until November, in recognition of the fact many cheap seats were sold on flights cancelled by airlines, due to city lockdowns and border closures.

Qantas called the support “much appreciated, given the acute challenges facing the sector”.

Virgin Australia CEO Jayne Hrdlicka said the support for services and crew was “essential” as they continued to navigate the most challenging period in aviation history.

“We will continue to work collaboratively with the Deputy Prime Minister and the federal government to maintain stability in our workforce and remain responsive to adding significant capacity when borders are open, which is economically critical to Australia’s future,”

said THE VIRGIN AUSTRALIA BOSS, Hrdlicka.

Unions were unimpressed however, calling on the government to extend the assistance to all aviation workers

Transport Workers Union national secretary Michael Kaine said lockdowns affected all aviation workers from check-in staff to caterers, not just some cabin crew and pilots.

The government announcement followed a warning from Qantas Group CEO Alan Joyce that the airline would again have to stand down staff without pay, if current low levels of flying persisted.

In June more than 9000 domestic flights were canceled as a result of lockdowns and border closures, including 5000 by Qantas and Jetstar.

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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