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Flight cancellations reach record highs

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Flight cancellations reach record highs as Australians demand answers

With pandemic restrictions now mostly behind us, more and more Australians are taking to the skies for a long-awaited vacation.

But as travel demand surges, customers are increasingly facing flight delays and cancellations at levels not seen in years.

The aviation sector is in crisis mode. Thousands of passengers are continuing to be delayed, or stranded all together, at airports right across the country.

New data reveals one-in-four planes are late or are being cancelled, as airlines cut flights.

The current figures for flight punctuality in Australia are at their lowest levels since official records began back in 2003.

In October, just over 69 per cent of flights arrived on time, while 68 per cent left when scheduled.

While last month’s figures did tick up a little from September’s records, travellers are still facing some of the worst flight delays and cancellations the nation has ever seen.

In an effort to improve on-time performance, many airlines have significantly reduced the number of flights they are operating. This in itself is leading to higher ticket prices.

Which airlines are performing better than others when it comes to punctuality?

The Bureau of Infrastructure and Transport found Qantas was the top-performing airline in October, with 74 per cent of the airline’s flights arriving on time.

In second place is Virgin, with 64 per cent of their planes touching down when they were supposed to.

At the other end of the spectrum, Jetstar has the worst on-time performance. The low-cost carrier also has one of the highest cancellation rates.

It comes as Australia’s consumer watchdog says it has received a record number of travel-related complaints.

 

 

 

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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

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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.

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Niche accountants proving essential to e-commerce success

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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.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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