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Australia’s regulator axes Qantas-Japan Airlines deal

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Qantas wins in another High Court battle

Australia’s Consumer Watchdog blocks Qantas and Japan Airlines alliance

The Australian Competition and Consumer Chair has ruled against the joint business agreement between Qantas and Japan Airlines. The ACCC says the coordinated deal would hamper competitors on Australia-Japan routes.

Qantas and Japan Airlines announced the plan in December 2020, to launch in July 2021. Both major airlines wanted to use the plan to reboot the aviation sector and international travel.

However, the ACCC Chair, Rod Sims, says it is essential that competition between airlines is maintained to help the aviation industry’s full recovery. The plan did not pass the ACCC’s public benefits test.

“Airlines have been severely impacted by the pandemic and this has been a very difficult period for them,”

“But preserving competition between airlines is the key to the long-term recovery of the aviation and tourism sectors, once international travel restrictions are eased.”

Australian Competition and Consumer Commission Chair Rod Sims

Protecting the aviation sector

Qantas and Japan Airlines traditionally flew approximately 85-90% of total passengers flying between Australia and Japan. The ACCC says granting authorisation for the alliance would remove competition between Qantas and Japan Airlines. It would also make it extremely difficult for other airlines to operate on routes between Australia and Japan.

Virgin Australia has also petitioned against the plan saying, “it will be more difficult to enter the Australia-Japan route if it is required to compete with Qantas and Japan Airlines acting jointly rather than as individual competing airlines.

The ACCC reiterates the alliance between Qantas and Japan Airlines would stop all competition between the airlines including price and service for three years.

“The ACCC can only authorise an agreement between competitors if it is satisfied the public benefits will outweigh the harm to competition. The alliance did not pass this test.”

Australia Competition and Consumer Commission Chair 

Qantas and JAL expressed disappointment with the ACCC decision in a joint statement on Monday, though they said they would continue their codeshare arrangements and oneworld alliance partnership.

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U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

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Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.


US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights


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Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

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Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.


Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker


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S&P 500 dips as tech stocks struggle with AMD leading losses

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S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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