Money

Flight cancellations reach record highs

Published

3 years ago

November 22, 2022

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.

Related Topics:aviation Featured trending

Up Next

Are single-pilot flights enough?

Don't Miss

Buy now pay later reforms released

William Howard

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.

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

2 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

3 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

4 days ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker