Money

Qantas: What is going on with your credit?

Published

3 years ago

August 29, 2023

ticker NEWS

Alan Joyce, the CEO of Qantas, is facing mounting challenges as he prepares to step down from his role. Recent court battles with Qantas employees over illegal sackings and a class-action lawsuit from customers seeking reimbursement of over half a billion dollars in flight credits.

Furthermore, Joyce recently found himself in the hot seat during a Senate hearing on Australia’s cost-of-living crisis. Lawmakers accused him of profiteering and contributing to the national inflation rate. This unexpected confrontation comes after Qantas received $2.7 billion in taxpayer support during the COVID-19 pandemic.

In response, Joyce argued that the best way for Qantas to repay the taxpayer support is by continuing to make profits and paying corporate taxes. However, it was revealed that Qantas has not paid any corporate taxes during Joyce’s 15-year tenure as CEO. In fact, the airline has received more in credits from the Australian Tax Office than it has paid in taxes, on top of the government support it received.

Tax strategy

This tax strategy was achieved by reporting losses, particularly in 2012 when Joyce’s decision to ground the airline resulted in substantial losses. Two years later, the airline reported more losses after a market share battle with Virgin. In both cases, the losses allowed Qantas to receive significant financial support.

The government’s support for Qantas during the pandemic has raised questions about equity stakes and the return on investment for taxpayers. While Joyce claimed that the airline was weeks away from insolvency, no equity stake was secured in return for the financial assistance.

Instead, Joyce oversaw the return of $1.5 billion to investors through share buybacks, increasing the Qantas share price and benefiting Qantas executives.

The question remains whether Qantas will pay back taxpayers for the support it received during the pandemic or continue on its path without any obligation.

Money

Middle East tensions rattle markets as traders await U.S. jobs data

Geopolitical tensions impact global markets; Wall Street anticipates strong jobs report, affecting dollar strength and Fed rate outlook.

Published

4 hours ago

March 6, 2026

Harvey Vargas

Geopolitical tensions impact global markets; Wall Street anticipates strong jobs report, affecting dollar strength and Fed rate outlook.

Rising geopolitical tensions in the Middle East are sending ripples through global markets, as investors weigh the potential impact on currencies, commodities and inflation expectations. Risk sentiment has been shaken, while energy prices and safe haven assets remain firmly in focus.

At the same time, Wall Street is preparing for the latest U.S. non-farm payrolls report, with analysts forecasting around 55,000 jobs added. However, market chatter suggests the figure could come in stronger, raising questions about the resilience of the U.S. economy and the path for interest rates.

Steve Gopalan from SkandaFX, explains why the U.S. dollar has strengthened during the turmoil and what a surprise jobs result could mean for the Federal Reserve’s rate outlook.

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

Money

Dow tumbles over 1,000 points as oil surges past 80 amid Iran tensions

Stocks plummet over 1,000 points amid oil price surge and Iran tensions; market implications discussed by Kyle Rodda.

Published

9 hours ago

March 6, 2026

ticker NEWS

Stocks plummet over 1,000 points amid oil price surge and Iran tensions

Stocks were rattled this week as the Dow dropped more than 1,000 points, driven by surging oil prices that surpassed 80 dollars a barrel. The spike comes amid escalating tensions in the Iran conflict, sparking concerns for investors worldwide.

Kyle Rodda from Capital.com breaks down the key factors behind the market plunge, which sectors were hit hardest, and how the previous day’s slight stabilisation of oil influenced trading.

The implications of rising oil and geopolitical uncertainty could have lasting effects on the global economy. Watch as Kyle explains what to watch next in the market and how investors are responding to these turbulent times.

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

#StockMarket #OilPrices #DowJones #FinancialNews #Investing #MarketUpdate #IranCrisis #Economy

Money

How Iran conflict is driving oil prices and global market volatility

Published

1 day ago

March 5, 2026

Harvey Vargas

Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.

The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.

David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.

Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.

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