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Qantas dumps Perth to London flight as border war in

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Australia’s national carrier has made drastic changes to its operating schedule as the country’s border spat continues

Qantas on Monday announced that it is bringing forward the resumption date of popular flight paths by at least a month, after both the Victorian and New South Wales governments revealed their roadmaps out of lockdowns.

Flights between Victoria and New South Wales will now begin on November 5, earlier than the previous date of December 1. The change is based on Victoria’s reopening plan.

However, as previously flagged, Qantas will temporarily reroute its flagship Perth-London service until at least April 2022 due to border restrictions with Western Australia

Qantas says, internationally, flights are still on track to gradually restart from 18 December 2021 onwards when Australia is expected to have reached National Cabinet’s ‘Phase C’ vaccination threshold of 80 per cent. However, as previously flagged by the airline, Qantas will temporarily reroute its flagship Perth-London service until at least April 2022 due to the latest WA border settings and assumptions.

Qantas staff talk to passengers onboard a flight bound for Auckland on April 19.

Qantas is in detailed discussions with the Northern Territory Government and Darwin Airport to assess operating the direct London flight from Darwin during this time

The national carrier has successfully used Darwin as a hub for its repatriation flights to various destinations across Europe, Asia and the Middle East over the past 12 months.

The discussions for what would be a daily Melbourne-Darwin-London service focus on the logistics of domestic and international transit under the current NT Government Plan for COVID-Management at Stage 3 of the National Plan. If this service can’t operate through Darwin, it will instead fly Melbourne-Singapore-London until at least April 2022. A decision on the exact routing is likely to be made within the next two weeks.

Qantas Group CEO, Alan Joyce, said: “It’s great to see plans firming up for some domestic borders opening given the success of the national vaccine rollout.

“We’re now planning to ramp up flying between Melbourne and Sydney, which is usually the second busiest air route in the world, almost a month earlier than expected.  There are also a lot of regional destinations that will open up for the first time since June, which is great news for tourism as well as family and friends who can’t wait to see each other again.”

“Get ready to see some emotional reunions at airports from late-October onwards.”

The intense discussions with WA

Qantas says: “Based on our discussions with Western Australia we know their borders won’t be open to New South Wales and Victoria until early next year, so we’ve sadly had to cancel the flying we had planned on those routes in the lead-up to Christmas. We will maintain a minimum service for people with permits to travel, though, as we have throughout the pandemic.”

“At this stage, WA doesn’t intend to open to international travel until sometime next year, so we’ll unfortunately have to temporarily move our Perth-London service until at least April 2022. Instead of operating from Melbourne to Perth and then on to London as it usually does, this flight will operate from Melbourne to London via either Darwin or Singapore, depending on conversations we’re having with the NT in the coming weeks. We look forward to operating this flight via Perth again when circumstances allow.”

“The pace of the vaccine rollout means we’re still on track for international flying to restart from 18 December onwards.”

Should State or Federal roadmaps change, and flights are cancelled, customers may be eligible for a refund, credit voucher or to change the date of their travel

Further details are available on Qantas and Jetstar’s websites.

International flights remain subject to Government and Regulatory approval.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Money

Research shows daters are looking for solvent partners

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As the cost-of-living crisis continues to grip Australia, new research reveals a shifting landscape in the realm of dating preferences.

According to the survey conducted by eharmony, an overwhelming two-thirds of Australians are now keen to understand their potential partner’s financial situation before committing to a serious relationship.

The findings indicate a growing trend where individuals are becoming more discerning about whom they invest their affections in, particularly as the economic pressures intensify.

Read more: Why are car prices so high?

The study highlights that nearly half of respondents (48%) consider a potential partner’s debts and income as crucial factors in determining whether to pursue a relationship.

Certain types of debt, such as credit card debt, payday loans, and personal loans, are viewed unfavorably by the vast majority of respondents, signaling a preference for partners who exhibit financial responsibility.

Good debt

While certain forms of debt, such as mortgages and student loans (e.g., HECS), are deemed acceptable or even ‘good’ debt by a majority of respondents, credit card debt, payday loans (such as Afterpay), and personal loans top the list of ‘bad’ debt, with 82%, 78%, and 73% of respondents, respectively, expressing concerns.

Interestingly, even car loans are viewed unfavorably by a significant portion of those surveyed, with 57.5% considering them to be undesirable debt.

Sharon Draper, a relationship expert at eharmony, said the significance of financial compatibility in relationships, noting that discussions around money are increasingly taking place at earlier stages of dating.

“In the past, couples tended to avoid discussing money during the early stages of dating because it was regarded as rude and potentially off-putting,” Draper explains.

“However, understanding each other’s perspectives and habits around finances early on can be instrumental in assessing long-term compatibility.”

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Money

US energy stocks surge amid economic growth and inflation fears

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Investors are turning to U.S. energy shares in droves, capitalizing on surging oil prices and a resilient economy while seeking protection against looming inflationary pressures.

The S&P 500 energy sector has witnessed a remarkable ascent in 2024, boasting gains of approximately 17%, effectively doubling the broader index’s year-to-date performance.

This surge has intensified in recent weeks, propelling the energy sector to the forefront of the S&P 500’s top-performing sectors.

A significant catalyst driving this rally is the relentless rise in oil prices. U.S. crude has surged by 20% year-to-date, propelled by robust economic indicators in the United States and escalating tensions in the Middle East.

Investors are also turning to energy shares as a hedge against inflation, which has proven more persistent than anticipated, threatening to derail the broader market rally.

Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group, notes that having exposure to commodities can serve as a hedge against inflationary pressures, prompting many portfolios to overweight energy stocks.

Shell Service Station

Shell Service Station

Energy companies

This sentiment is underscored by the disciplined capital spending observed among energy companies, particularly oil majors such as Exxon Mobil and Chevron.

Among the standout performers within the energy sector this year are Marathon Petroleum, which has surged by 40%, and Valero Energy, up by an impressive 33%.

As the first-quarter earnings season kicks into high gear, with reports from major companies such as Netflix, Bank of America, and Procter & Gamble, investors will closely scrutinize economic indicators such as monthly U.S. retail sales to gauge consumer behavior amidst lingering inflation concerns.

The rally in energy stocks signals a broadening of the U.S. equities rally beyond growth and technology companies that dominated last year.

However, escalating inflation expectations and concerns about a hawkish Federal Reserve could dampen investors’ appetite for non-commodities-related sectors.

Peter Tuz, president of Chase Investment Counsel Corp., highlights investors’ focus on the robust economy amidst supply bottlenecks in commodities, especially oil.

This sentiment is echoed by strategists at Morgan Stanley and RBC Capital Markets, who maintain bullish calls on energy shares, citing heightened geopolitical risks and strong economic fundamentals.

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Money

How Australians lose nearly $1 billion to card scammers in a year

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A recent study by Finder has unveiled a distressing trend: Australians are hemorrhaging money to card scams at an alarming rate.

The survey, conducted among 1,039 participants, painted a grim picture, with 2.2 million individuals – roughly 11% of the population – falling prey to credit or debit card skimming in 2023 alone.

The financial toll of these scams is staggering. On average, victims lost $418 each, amounting to a colossal $930 million collectively across the country.

Rebecca Pike, a financial expert at Finder, underscored the correlation between the surge in digital transactions and the proliferation of sophisticated scams.

“Scammers are adapting, leveraging sophisticated tactics that often mimic trusted brands or exploit personal connections. With digital transactions on the rise, it’s imperative for consumers to remain vigilant and proactive in safeguarding their financial assets,” Pike said.

Read more – How Google is cracking down on scams

Concerning trend

Disturbingly, Finder’s research also revealed a concerning trend in underreporting.

Only 9% of scam victims reported the incident, while 1% remained oblivious to the fraudulent activity initially. Additionally, 1% of respondents discovered they were victims of bank card fraud only after the fact, highlighting the insidious nature of these schemes.

Pike urged consumers to exercise heightened scrutiny over their financial statements, recommending frequent monitoring for any unauthorised transactions.

She explained the importance of leveraging notification services offered by financial institutions to promptly identify and report suspicious activity.

“Early detection is key. If you notice any unfamiliar transactions, don’t hesitate to contact your bank immediately. Swift action can mitigate further unauthorised use of your card,” Pike advised, underscoring the critical role of proactive measures in combating card scams.

As Australians grapple with the escalating threat of card fraud, Pike’s counsel serves as a timely reminder of the necessity for heightened vigilance in an increasingly digitised financial landscape.

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