A familiar and hard-to-miss sight will return to Australian skies today with one of Qantas’ iconic A380 aircraft set to land back in Sydney, 593 days after it departed Australian shores
Almost 600 days after it left Australia to be placed into storage, Qantas A380 Hudson Fysh, named after one of Qantas’ founders, is expected to touch down at Sydney Airport around 3.00pm more than 19 hours after it departed Dresden, Germany. The aircraft recently underwent scheduled maintenance for a new landing gear, after spending the best part of two years in storage during the COVID-19 pandemic.
Its early return comes as the airline gears up for the first two of the superjumbos to return to service in April 2022, following strong demand for international travel, particularly on key routes to Los Angeles and London.
Qantas has taken close to half a million domestic bookings in the past two weeks, compared with around 20,000 in a two-week period in August.
Jetstar’s recent international sale saw 75,000 seats sold in 72 hours
Demand for seats on Qantas’ London to Sydney service has been extremely strong, with Aussies reuniting with family and friends in time for Christmas and more flights added as a result.
Originally expected to remain in long term storage in the Californian desert until the end of 2023, Qantas has since announced that five A380s with upgraded cabins would return ahead of schedule with two to operate flights to Los Angeles from April 2022 and three to operate flights to London from November 2022.
The airline is now working to further accelerate the return of the A380s, with superjumbo flights to London brought forward to July 2022. In addition, a sixth aircraft will arrive before the end of calendar year 2022, with the remaining four A380s expected to return to service by early 2024.
Hudson Fysh will undergo additional maintenance checks in Australia before taking to the skies again in coming weeks as part of crew training
Qantas Chief Pilot Captain Richard Tobiano said it was a terrific day, not just for Qantas crew but also passengers who love flying onboard the national carrier’s flagship aircraft.
“The A380 is a fantastic aircraft and we are very excited to welcome it home today. The early return is symbolic of how quickly demand for international travel has bounced back and this aircraft will play a key role in preparing our crew to return to A380 flying operations in the new year.
“Many of our crew have found other jobs during the pandemic doing everything from working in vaccination hubs and hospital wards to driving buses and tractors, and painting houses.
“Over the next few months, pilots will undergo an extensive retraining period including simulator sessions, training flights and classroom courses to prepare for take-off.”
While it wasn’t flying during the pandemic, the aircraft was cared for by Qantas engineers who carried out regular inspections before it flew to Dresden earlier this year
Six of Qantas’ A380s have had an interior redesign featuring new premium upper deck with new supper club style lounge and brand-new seats across the Business Class and Premium Economy cabins, as well as a main deck refresh including new carpet and curtains. The remaining aircraft will be refitted before they return to service.
The 485-seat A380 is the only aircraft in the Qantas fleet that offers a First Class cabin, popular with Frequent Flyers for its comfortable suites with fully lay flat beds, premium Neil Perry multi-course dining experience, award winning Australian wine cellar and Martin Grant designed First Class PJs.
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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