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Travelling this Easter? here’s what you need to know

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International travel for the Easter holidays has not hopped off on the right foot.

Thousands of people are experiencing long queues, delays, and in some cases, cancelled flights due to the holiday demand

New data out of the U.S shows people spent close to nine billion dollars on domestic flights.

Travellers are now feeling the impact of strong demand and an increase in jet fuel prices.

Higher fares are one of the latest examples of inflation, which is also hitting the hip pocket at petrol stations and supermarkets too.

Benchmark U.S. Gulf Coast jet fuel settled at $3.2827 a gallon on Monday, up nearly 50% from the start of 2022 and more than double a year ago, according to Platts.

As Covid led to the government imposing lockdowns and travel restrictions, airport operations across the world shut down with fleets of planes grounded.

Similar scenes are felt on the other side of the globe, a blow-out in airport delays and wait times, particularly with Qantas in Australia’s biggest and most popular city of Sydney.

For Qantas, Jetstar and Virgin Australia, the Easter weekend will be the busiest since before the pandemic.

This comes as Domestic airfares down under soar by up to 112 per cent as fuel costs rise.

This comes from analysis at the Bureau of Infrastructure and Transport Research Economics (BITRE) data by comparison site Finder, finding that some airfares had jumped by 112 per cent.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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