Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

TICKER VIEWS – Why governments should be compensating airlines for COVID disruptions

Published

on

A year into the pandemic and yet on the rare occasion, a border is snapped shut due to the detection of a few cases of COVID-19.

That’s the case in Australia, at least.

There is no doubt the nation is doing incredibly well with managing the virus – in fact, the country rarely records a locally transmitted case.

“Unprecedented” – Why airlines didn’t know how serious COVID-19 was when it all started

On the rare occasion that the nation does record a case of COVID-19, often we see the states and territories of Australia snap their borders shut, in fear that the virus will enter.

But when this happens, what happens to businesses that are impacted by the loss of revenue? Who compensates the world’s airlines when flights are forced to be canceled and travel grinds to a halt?

Internationally, the problem remains much the same.

Irish A330 First Officer, Brian O’Leary says airlines still being ‘left on the ropes’ and Governments aren’t providing enough support.

Small Business Australia’s Bill Lang, who says ‘it’s time for Governments to do more and start compensating the industry before it becomes too late.

Delta Airlines jets sit idle on a runway in the US.

What the aviation sector has to say:

The Australian Aviation sector continues to slowly recover from the devastation caused in 2020.

We’re now seeing airlines bounce back to 80 percent capacity of pre-COVID levels.

But still, the industry is brought to its knees when border closures are put into place, having to cancel flights, furlough employees and leave many travellers frustrated by the news that their flight ‘won’t be going ahead today’

Declan Kiddle, an Australian Aviation Operations Controller based in Perth, Western Australia, says the industry heavily on Jobkeeper, a former wage subsidiary.

Kiddle says the announcement of a $1.2 billion aviation and travel support package for the troubled sector has been welcomed, but the continuation of snap-border closures is resulting in traveller hesitancy.

Vaccinations and travel

Airlines right across the world are heavily reliant on the rollout of the COVID-19 vaccine.

Carriers such as Emirates have begun implementing full digital verification procedures to ensure smoother processing of passengers without needing physical paperwork.

Other airlines such as Australian carrier, Qantas has hinted at making it mandatory for all passengers that wish to travel overseas to have received a COVID jab.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

What to expect for IPO markets

Published

on

With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

Continue Reading

Money

ASX positioned for strong start after positive stock rebound

Published

on

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Continue Reading

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

on

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Continue Reading

Trending Now