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Stacks of prizes up for jabs: Major airline offering chance for vaccinated Aussies to win millions

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Virgin Australia’s VA-X & Win competition will see one lucky Australian become a Velocity Frequent Flyer Points millionaire

Virgin Australia’s VA-X & Win competition will see one lucky Australian become a millionaire. The move comes in a bid to increase the number of Aussies vaccinated against covid-19.

“The major announcement will see the airline group open a competition to residents of Australia once all adults are eligible for vaccination,” says Virgin.

The airline is offering millions of Velocity Frequent Flyer Points and dozens of free Business Class flights to vaccinated Aussies.

How to enter the VA-X & Win competition

Virgin will launch the competition and announce more prizes later this year.

The competition will open to all residents of Australia once the government expands vaccination eligibility to all adults. Until then, Virgin is allowing potential applicants to register their interest.

Encouraging Aussies to get the jab

A Virgin Australia Group spokesperson said the airline has a responsibility to encourage Australians to get the jab.

“For simply rolling-up your sleeve and getting a COVID-19 vaccination, you could walk away with a share in tens of thousands of dollars of Virgin Australia and Velocity Frequent Flyer prizes,” they said.

Supporting vaccination for airline team members

A recent Virgin Australia study found that 65 per cent of front-line team members were either vaccinated or registered to get the jab. This includes cabin crew, pilots and airport workers.

Additionally, the airline will also expand VA-X & Win to include a separate competition for vaccinated team members. Prizes include additional annual leave, Lounge memberships and free Business Class flights.

The airline is also making it easy for team members to attend vaccination appointments, today announcing it will provide flexible working arrangements where possible for employees to receive both injections.

“We’re also proud so many members of our team are already vaccinated. As an industry that’s been severely affected by COVID-19 it makes sense to reward and encourage our colleagues.”

Virgin Australia spokesperson.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Money

Workers rush back to their desks over job fears

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Workers across Australia are rushing back to their desks, driving office utilisation rates to their highest levels since February 2020.

Tuesdays, Wednesdays, and Thursdays emerge as the busiest in-office days, contrasting with the continued reluctance to return on Fridays.

This insight, drawn from XY Sense data based on 18 enterprise customers in Australia employing approximately 68,000 individuals across 127 buildings, reflects a significant shift in workplace dynamics.

The surge in office attendance coincides with a resurgence in workplace attendance mandates and policies linking physical presence to bonuses and performance reviews.

However, co-founder of XY Sense, Alex Birch, suggests that rising job insecurity, rather than these policies, primarily drives this behavioral shift.

“The pendulum has moved towards the employer, and therefore people feel more obliged to go back into work,” commented Mr. Birch.

Job market

Danielle Wood, chairwoman of the Productivity Commission, anticipates this trend to persist as the job market softens.

She notes a disparity between employer and worker perceptions regarding the productivity benefits of hybrid work arrangements, hinting at potential shifts in the employment landscape.

Meanwhile, economists at the e61 Institute observe a partial reversal of the pandemic-induced “escape to the country” trend.

Rent differentials between regional and capital city dwellings, which narrowed during the pandemic, are now widening again.

This trend suggests a diminishing appeal of remote work options and a return to urban commuting.

Aaron Wong, senior research economist at e61, said the emergence of a “new normal,” characterised by a hybrid lifestyle that blends access to office spaces with proximity to lifestyle amenities such as natural landscapes.

While regional rents decline, rents for homes on the urban fringe surge, reflecting evolving preferences shaped by remote work opportunities.

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Money

Why resilient economy is fuelling demand for Australian property

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Despite inflationary pressures, Australian house prices have surged to a record high for the fifth month in a row, as indicated by CoreLogic data.

Australian house prices have not only weathered inflation but have also soared to unprecedented levels, marking the fifth consecutive month of record highs, according to data from CoreLogic.

This resilience reflects the enduring demand for property in the country, showcasing the sustained interest of buyers despite challenging economic conditions.

VentureCrowd’s Head of Property, David Whitting, talks how investors can access alternative ways of property investing.

Presented by VentureCrowd #funding futures #housing #economy

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Money

Three reasons why you don’t need to panic about inflation

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Inflation in the US has exceeded expectations for the third consecutive month, driven by increases in essential commodities such as oil, electricity, takeaway food, and medical costs.

  1. Despite a 3.8% year-on-year rise in CPI, it’s notable that this figure has decreased from its previous 9% high.
  2. The robust CPI and economic growth numbers suggest a positive outlook for US corporate earnings.
  3. The S&P500 has seen five 1% drops this year, all of which were met with investors buying the dip.

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