Money

Qantas reveals 2022 full yearly results amid ‘challenging’ time for Group

Qantas has revealed its full yearly results for 2022, and CEO Alan Joyce says it is an extremely challenging time for the Group.

Published

2 years ago

August 25, 2022

ticker NEWS

Qantas has revealed its full yearly results for 2022, and CEO Alan Joyce says it is an extremely challenging time for the Group.

The Flying Kangaroo reported an underlying loss before tax of almost $1.9billion, and a statutory loss before tax of under $1.2b.

Joyce says the Group has halved its loss compared to the last financial year and is expected to get back to pre-COVID levels of profitability this year.

The CEO also confirmed that the Board has asked him to continue in his role, to get it through the crisis.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending