Money

Major Australian airport calls for vaccine speed-up as industry runs dry

Published

4 years ago

August 17, 2021

Anthony Lucas

The CEO of Melbourne Airport says the vaccine rollout in Australia must “increase significantly” after reporting a major decline in traffic in July

Melbourne Airport’s July traffic numbers saw a 85.7 per cent drop compared to pre-pandemic levels.

The international hub welcomed just over 467,000 people in July, almost all of them being domestic travellers.

Chief of Aviation of Lorie Argus says the mood at the airport right now at the terminal is dull.

Melbourne Airport’s passenger traffic for the last financial year dropped to its lowest level since 1984

Argus says the airport is supportive of the Australian Government’s four stage plan back to freedom, however stressed further devastation will be felt to airlines and airports themselves if lockdowns and travel restrictions continue in the short term.

“It’s really hard for airlines and airports to keep operating at such losses”

Airports hit heavy – not just airlines

In an interview with ticker NEWS, Argus says that all levels of the travel market continue to be left devastated by changes to COVID rules, but highlighted an important notice – airports are struggling too.

Argus says airports continue to face financial losses due to the decline in traffic through terminals.

The Chief of Aviation says that unlike airlines “airports must continue and keep the lights on” – highlighting that hubs around the globe must continue to keep the doors open regardless of passenger numbers, and mostly that’s due to having to cater for freighter flights.

The business’ chief executive, Lyell Strambi, says it was now a matter of “urgent and critical national interest” to address the country’s vaccine supply challenges.

“The nation’s rolling border closures obliterate air travel and damage confidence, making it almost impossible for people to plan and book interstate trips,”

According to reports, passenger numbers for FY20-21 at Melbourne Airport was just 6.1 million. Domestic numbers made up the bulk of passengers – 5,939,368 – but that number alone was a 68.8 per cent decline on FY19-20. International numbers of 230,455 represented a 97.2 per cent drop on the same time last year.

Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

4 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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

#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

4 days ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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

Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

6 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue