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Grounded: Qantas may return to stand-downs

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Qantas may have to stand down airline staff due to lockdowns happening across Australia

Flight cancellation data released on Wednesday showed more than 9000 flights were cancelled in July, majority of them were flights with Qantas and Jetstar.

Qantas CEO Alan Joyce sent an email to staff detailing the effects of the current lockdown hitting Sydney and Melboure.

Joyce said their total flying had dropped below 40 per cent of pre-Covid capacity and an extension to the lockdowns could be problematic for the group.

In the email written to staff he said the company isn’t at the point of requiring stand-downs in domestic operations at this stage.

“But to be honest, we can’t rule it out if multiple states keep their borders closed for extended periods.”

“Hopefully this scenario doesn’t come to pass. But we’ve always been upfront through this crisis and it’s important for you to know the challenges we’re facing,” said Mr Joyce.

Australia’s largest cities in lockdown so thousands of flights grounded

“NSW is a key part of the Qantas and Jetstar network, so that lockdown has already seen our total domestic flying fall from 90 per cent of pre-COVID levels to around 60 per cent,” he wrote.

“When you add in the Victorian and now South Australian lockdowns, our total flying drops below 40 per cent.”

Qantas wants the government to chip in

He said if that happened he expected the government would provide a basic level of income support.. yet another call out for the JobKeeper payment to return.

Mr Joyce reassured workers that this situation will only be temporary, because “unlike last winter there’s now a Covid vaccine rolling out”.

The message came as rival Rex announced the temporary suspension of its Boeing 737 operations.

At the height of the Covid crisis last year, Qantas had more than 20,000 employees stood down.

About 7500 people who usually work in the airline’s international business remain stood down.

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Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

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US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.


US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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Dow hits record after U.S. military action in Venezuela

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

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Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.


The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.

Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.

Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.

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Wall Street eyes further gains in 2026 as rate cuts fuel optimism

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

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Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.


Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.

The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.

However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.

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