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British authorities crack down on airline disruptions

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Britain’s competition and aviation regulators are warning airlines of action if ongoing flight disruptions continue

European airports have been battered by delays, cancellations and industrial action.

But British authorities are cracking down on the latest passenger dissatisfaction.

“We are concerned that consumers could experience significant harm unless airlines meet their obligations and minimise flight disruptions throughout the summer and beyond.”

COMPETITION AND MARKETS AUTHORITY & THE CIVIL AVIATION AUTHORITY

The Competition and Markets Authority (CMA), and the Civil Aviation Authority (CAA) have issued warnings as airlines struggle to keep up with a surge in demand after the pandemic.

It also follows a string of supply chain pressures in relation to fuel, and staff shortages.

Carriers have also been put on notice for not supporting customers whose flights have been cancelled.

The CMA and CAA believe some airlines are creating “harmful practices” by not offering appropriate compensation.

Authorities are pushing for airlines to offer alternative flight options, better communication, and refunds for some affected passengers.

The regulators say some carriers are performing better than others, while others are lagging behind.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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