Money

Be careful what you do at the airport this holiday season

Published

2 years ago

December 7, 2022

ticker NEWS

Passengers are being urged to stay on the ‘Nice List’ at Australian airports as the festive season approaches

The Australian Federal Police (AFP) will step up its patrol of major airports across Australia as the festive season gets underway.

The aviation sector is recovering from over two years of pandemic-related turbulence.

However, travel demand is beginning to return to pre-pandemic levels.

Melbourne International Airport recently recorded 78 per cent passenger numbers when compared to figures from October 2019.

These figures are expected to increase during the festive season, which has prompted the AFP to bolster its commitment to protecting passengers.

Authorities are working with airlines, airports and regulatory authorities to help ensure a safe environment for passengers.

More than 330 alleged offenders have been charged around 420 charges at Australian airports between May and October this year.

In most cases, the charges involved intoxication, offensive behaviour, possessing a prohibited weapon, carrying prohibited items, public disturbance and incidents relating to assault.

“This is a special time of the year, and the AFP is at airports to keep passengers safe,’’ Assistant Commissioner Scott Lee said.

“The majority of passengers do the right thing, but we know those who do not can be disruptive for other passengers.”

How prepared are Australian airports?

The Australian Airports Association concedes this upcoming holiday season will be a “busy one”.

However, company chief executive officer James Goodwin said it is important travellers do the “right thing” and respect each other.”

“Australian Airports Association chief executive officer James Goodwin said the holiday season would be a busy one, but it was important travellers did the right thing and respected each other,” he said.

Australian airports have been impacted by staff shortages, because of pandemic-related illness.

The national carrier, Qantas has come under fire for firing thousands of staff during the height of the pandemic, which have impacted consumers at many Australian airports.

The airline apologised for its barrage of delayed or cancelled flights, and lost luggage as travellers returned to the skies since the height of Covid-lockdowns brought the sector to a grinding halt.

“On behalf of the national carrier, I want to apologise and assure you that we’re working hard to get back to our best,” said Qantas chief executive Alan Joyce at the time.

Money

Boeing’s financial turbulence leads to bold cash-raising moves

Published

7 hours ago

October 16, 2024

Ahron Young

Company eyes new credit and shares to survive as strikes and delays weigh the company down

Boeing is taking drastic steps to secure its future, seeking to raise at least $10 billion by selling new shares and securing a fresh credit line.

The iconic manufacturer has been struggling this year with major setbacks, including a 737 MAX mishap in January and a machinist strike that halted production.

In filings made Tuesday, Boeing revealed plans to issue up to $25 billion in shares or debt over the next three years while locking in a $10 billion credit deal.

Sources say the company will aim to raise around $10 billion from its upcoming stock offering.

Boeing called the moves “prudent steps” to ensure access to liquidity as it faces growing financial challenges.

Its stock, which began the year at $250, rose 2% to about $152 after the announcement, as analysts expressed relief over Boeing’s efforts to stabilize its cash flow.

The machinist strike, which started last month, has intensified the company’s cash problems, with Boeing burning through $1 billion per month before the walkout.

Boeing hasn’t posted a profit since 2018, and the coming months will be critical as it battles to recover.

Money

China has pledged to “significantly increase” debt to jumpstart its economy

Published

2 days ago

October 14, 2024

ticker NEWS

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Leaders

Niche accountants proving essential to e-commerce success

Published

1 week ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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