Can Australians get overseas by Christmas? The bold plan to have the entire nation’s population vaccinated by 80 per cent isn’t the only roadblock keeping Australians grounded
Qantas staff talk to passengers onboard a flight bound for Auckland on April 19.
Major Australian airline Qantas is hopeful some international flights before Christmas
Fate lies on National Cabinet’s target of 80 per cent of the Australia’s population vaccinated by the end of the year
Qantas CEO Alan Joyce has flagged quarantine requirements as one of the biggest unknowns for the aviation sector
Home for Christmas?
At the beginning of the pandemic last year, the hope was borders to open by Christmas 2020. Although optimistic, this reality is now likely one year on.
Despite the harsh lockdowns across the country to contain the delta outbreak of covid-19, Qantas chief executive Alan Joyce said Australia’s rapid vaccination rollout would make international holiday travel possible again for the first time in almost two years.
In a media conference, Joyce said he understands the delta variant is difficult to manage but the first step is vaccinating airline crew and the entire Australian population, in line with Australian Prime Minister Scott Morrison’s national strategy.
2,000 Qantas frontline staff including cabin crew, pilots and airport workers will have until November 15 to get jabbed, while the 20,0000 remaining workers have until March 31 next year.
“It’s obviously up to government exactly how and when our international borders re-open, but with Australia on track to meet the 80 per cent trigger agreed by National Cabinet by the end of the year, we need to plan ahead for what is a complex restart process,” Mr Joyce said.
Joyce said international travel may seem a long way off, but the airline will remain optimistic despite the ongoing change of circumstances.
“Some people might say we’re being too optimistic, but based on the pace of the vaccine rollout, this is within reach and we want to make sure we’re ready.”
Joyce said.
What could stop this?
The writing is on ‘Phase C’ of the federal government’s path to pandemic normality.
Joyce flagged that one of the biggest unknowns hangs around quarantine requirements, that vary from state to state in Australia for domestic travel at the moment.
In a media conference, Joyce mentioned the possibility of home isolation as a viable option once international travel off the ground.
Australians have been banned from travelling overseas for a holiday since March 2020, when the pandemic began.
Joyce said there is good dialogue between Qantas and the federal government, and ongoing discussions will continue.
Qantas is assuming that current domestic border closures will remain in place until early December, and there is no decision yet if domestic passengers must be vaccinated like international passengers.
“It would be shame to visit relatives in London before relatives in Perth”
Joyce said
Where can I travel?
Joyce says Qantas is hopeful travel demand will spike once borders reopen, and has put forward a plan to layout initial routes.
Qantas said the initial routes being planned for high vaccination destinations include Singapore, the United States, Japan, United Kingdom and Canada.
The airline expects the New Zealand travel bubble will resume in some form by mid-December.
Passengers can expect a restart on flights to Hong Kong in February and the rest of the Qantas and Jetstar international network from April next year.
Flights to low vaccination cities like in Asia and South Africa with high Covid-19 case numbers would not restart until at least April 2022 as well.
Those destinations include Bali, Jakarta, Manila, Bangkok, Phuket, Ho Chi Minh City and Johannesburg.
Qantas has plans to bring back five of its A380 Airbus super jumbos earlier than expected, in 2022
However the hope from Qantas is market recovery by 2024.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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