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Southwest Airlines hit with massive fine for holiday delays

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Southwest Airlines has been slapped with a staggering $140 million penalty following the tumultuous holiday season of 2022.

The airline’s operational meltdown during the peak holiday travel period resulted in severe disruptions for thousands of passengers and garnered widespread criticism.

The Civil Aviation Authority (CAA) issued the substantial fine, deeming it a “strong deterrent” to prevent such disastrous incidents in the future.

The airline faced an unprecedented number of cancellations and delays, leaving passengers stranded and furious during a time when travel was meant to be joyous.

The CAA investigation revealed a combination of factors contributing to the chaos, including inadequate staffing, technical issues, and poor communication.

Passengers endured extensive delays, missed connections, and lost luggage, causing significant distress and inconvenience.

The hefty fine serves as a stark warning to airlines nationwide, emphasising the importance of proper planning and crisis management during peak travel periods. Southwest Airlines has committed to improving its operations and compensating affected passengers.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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