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“This is the best news we’ve had” – Qantas brings forward international travel

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Qantas will bring forward its restart date of international flights for fully vaccinated travellers

Qantas and Jetstar will bring forward the restart of more international flights to popular destinations from Sydney and operate regular flights to Delhi, the first commercial flights for Qantas between Australia and India in almost a decade.

“This is the best news we’ve had in almost two years and it will make a massive difference to thousands of our people who finally get to fly again.”

Qantas Group CEO Alan Joyce said

The faster ramp up follows the Federal and New South Wales governments confirming that international borders would reopen from 1 November 2021 and the decision by the NSW Government to remove quarantine requirements for fully vaccinated arrivals – which significantly increases travel demand.

“Australia is ready for take off”

Australia’s pm said on friday

“We’ve said for months that the key factor in ramping up international flying would be the quarantine requirement. The decision by the NSW Government to join many cities from around the world by removing quarantine for fully vaccinated travellers means we’re able to add these flights from Sydney much earlier than we would have otherwise,” Joyce said.

These decisions – combined with plans by states and territories to reopen domestic borders – support all Qantas and Jetstar workers based in Australia and New Zealand who are currently stood down to return to work by early December 2021.

This includes around 5,000 employees linked to domestic flying and around 6,000 linked to international flying.

Due to extended border closures, many international crew have been stood down since the start of the pandemic.

All passengers on Qantas and Jetstar international flights (aged 12 years and older) will be required to be fully vaccinated with a TGA-approved vaccine (unless they have an exemption).

Qantas and Jetstar are preparing to ramp up capacity

The updated international schedule published today will allow flights from Sydney to Singapore, Bangkok, Phuket, Johannesburg, Fiji to resume ahead of schedule.

Qantas will also launch new route from Sydney to Delhi before Christmas.

Qantas and Jetstar are preparing to ramp up capacity between Melbourne and Sydney as quarantine-free travel is set to resume between Australia’s two largest cities

Pre-COVID, Melbourne-Sydney was the second busiest route in the world, with the Group operating up to 58 return services per day, but during the latest lockdowns this got down to as low as one return flight per day for essential travel only.

When the Victorian and NSW borders open, Qantas and Jetstar will operate up to 18 return flights per day, increasing to up to 37 return flights per day by Christmas.

Additional capacity will be added on other routes to and from Sydney and Melbourne, as restrictions are lifted by other states and territories.

“We’ve said for months that the key factor in ramping up international flying would be the quarantine requirement. The decision by the NSW Government to join many cities from around the world by removing quarantine for fully vaccinated travellers means we’re able to add these flights from Sydney much earlier than we would have otherwise,” Joyce said

“We hope that as vaccination rates in other states and territories increase, we’ll be able to restart more international flights out of their capital cities. In the meantime, Sydney is our gateway to the rest of the world.”

Fleet update

Qantas has further accelerated the return of its fleet of A380 aircraft.

Originally expected to remain in long term storage in the Californian desert until the end of 2023, the Group announced in August that five A380s with upgraded cabins would return from July 2022 to operate Los Angeles and London flights. This is now being brought forward a further three months, with two of the A380s to commence flights to Los Angeles from April 2022. One aircraft could arrive by the end of this year to assist with crew training ahead of its return to service.

A further three A380s will return to service from mid-November 2022 with the remaining five expected to return to service by early 2024.

Qantas is also looking to bring forward delivery of three brand new 787-9 aircraft, currently in storage with Boeing, several months earlier than planned as demand increases.

 

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Australian business insolvencies surge 50% due to rising costs

Business insolvencies rise 50% amid cost pressures, with projections reaching 16,000 this financial year; hospitality sector hit hard.

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Business insolvencies rise 50% amid cost pressures, with projections reaching 16,000 this financial year.


Business failures in Australia have surged by 50% this financial year due to high operating expenses, cost of living pressures, and increased tax office debt collection efforts.

Expected insolvency appointments could reach 16,000, surpassing last year’s high of 11,053.

The Australian Securities & Investments Commission reports 7,483 appointments in just six months, a 47.1% rise from the previous year.

Small businesses face a challenging climate, with the current year’s insolvencies 84% higher than pre-Covid levels.

The troubled casino group Star Entertainment risks becoming Australia’s largest corporate collapse since Virgin Australia, facing significant financial uncertainty.

Anthony Albanese, Australia’s Prime Minister.

Victoria saw a 71% increase in insolvency appointments, while Queensland and NSW experienced rises of 51.4% and 30%, respectively.

Hospitality businesses in particular have struggled with rising costs for wages, energy, and food, resulting in a 70.2% increase in sector insolvencies.

The Australian Taxation Office’s strict approach to tax debts has significantly contributed to the rise in insolvencies, with the agency showing no signs of reducing enforcement actions.

This financial year has also seen high-profile insolvencies, including airline Rex’s move into voluntary administration.

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Six phases for creating effective AI innovation units

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As artificial intelligence continues to transform industries, businesses face an urgent choice: adapt or risk irrelevance.

In an era of rapid technological advancements, AI innovation units have emerged as vital tools for businesses to maintain competitiveness and adapt to transformative trends.

Establishing an AI innovation unit requires careful planning across six key phases; Hardik Jagda, Founder and CEO of Proximity Works explored these key areas during his exclusive interview on Ticker.

First, assess your readiness by auditing data infrastructure and addressing gaps to lay a solid foundation.

Next, set clear, measurable goals tied to business outcomes, ensuring alignment across teams.

Partnering with external AI experts can fast-track progress while mitigating risks, especially when internal expertise is limited.

Prioritise high-impact projects that deliver tangible value, then follow a structured approach: build, test and scale successful initiatives.

Finally, embed adaptability by fostering a culture of innovation and continuous learning, enabling your organisation to stay agile and resilient in an ever-evolving technological landscape.

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Trump launches $TRUMP coin and gains 18,000% in value

Trump surprises crypto industry with $TRUMP coin launch; value skyrockets over 18,000% in 24 hours, becoming top 30 cryptocurrency.

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Trump surprises crypto industry with $TRUMP coin launch; value skyrockets over 18,000% in 24 hours, becoming top 30 cryptocurrency.

President-elect Trump surprised the cryptocurrency industry by announcing the launch of his token, $TRUMP coin.

In under 24 hours, the token’s value surged from a few cents to $33.87, marking an over 18,000% increase. It has since stabilised around $26, achieving a market cap above $5 billion and ranking in the top 30 cryptocurrencies globally.

The announcement was made shortly before Trump’s inauguration, via his Truth Social and X accounts, during the inaugural Crypto Ball in Washington, D.C.

Trump aims to be the most crypto-friendly president and intends to reverse the Biden administration’s regulatory measures that have pushed many U.S. firms overseas.

The Crypto Ball was attended by various crypto CEOs, politicians, and members of Trump’s incoming Cabinet, including his son, Donald Trump Jr. Initially, some attendees questioned the authenticity of the announcement, suspecting potential hacking.

Trump’s promotional message included a link for purchasing the token with a debit card or cryptocurrency.

Since the announcement, Trump has remained silent about the coin, while Eric Trump described it as “the hottest digital meme on earth.” This comment was also shared by Trump’s official X account.

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