SERVICES

NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

What's Next for Qantas?

The Qantas Monday announcement of the closure of the air carrier's Tullamarine Airport maintenance facility was just the tip of the iceberg. On Wednesday, Qantas Chief Executive Alan Joyce made an even bigger announcement of more revamps in the company.
More news

Qantas, Virgin Log Record Number of Passengers in March

Australians continued to enjoy their passion for travel to domestic and foreign destinations which resulted in air carriers, Qantas and Virgin Australia, enjoying high passenger numbers for the month of March.
Vittorio Hernandez May 03, 2012

More Aussies Lose Jobs With Cease Trading of 1st Fleet

1st Fleet, an Australian trucking company that operates in Queensland, New South Wales, Victoria and South Australia, locked out about 1,000 workers and ceased trading overnight without any warning on Wednesday night.
Vittorio Hernandez May 03, 2012

Foreign Tourists’ Spend Down to 4-Year Record Low

Tourism industry executives blamed the strong Australian dollar for the slump in tourism revenues as foreign visitor spending declined to a four-year low of $2.63 billion in February.
Vittorio Hernandez Apr 10, 2012

Australian Stock Market Leads - 03/26/2012

The positive leads from global markets led by the rise in the U.S. equities Friday have not provided enough boost to prop up the sentiment in the Australian stock market early on Monday.
Christine Gaylican Mar 26, 2012

Aussies Turn to More Online Gambling, Sports Betting

As the 2012 NRL and AFL seasons get ready to kick-off, business information analysts at IBISWorld reveal how much Australians are spending on sports betting - the fastest growing gambling segment.
Christine Gaylican Mar 21, 2012

Window Cracks Spotted, Air New Zealand Grounds 11 Planes

There were cracks around the cockpit windows of an Air New Zealand plane, the airline found on Sunday, resulting in the grounding of 11 planes on the same day. The cracks were spotted during routine maintenance check in Christchurch.
Arlene Paredes Mar 19, 2012

Australian Stock Market Leads - 03/19/2012

A firm and steady opening has set in the Australian stock market today and analysts are closely watching if it would break the barrier resistance of 4320, an indicator that a change in sentiment towards the positive amidst concerns of the economy's correlation to China's economic slowdown may take place.
Christine Gaylican Mar 19, 2012

Qantas Contractor Averts Brisbane Airport Workers Labour Problem With New Wage Offer

The potentially damaging labour dispute in Brisbane Airport has been solved after Qantas demanded a contractor, BCS Infrastructure Support, to sort out the problem. Latest report said BCS offered electricians, baggage support staff and mechanical fitters belonging to the Electrical Trades Union (ETU) higher pay.
Vittorio Hernandez Mar 12, 2012

Qantas Talks With Malaysia Airlines for Premium Carrier Bogs Down

Embattled Australian flag carrier, Qantas, is back to square one after it stopped talks with Malaysia Airlines for a premium carrier in Kuala Lumpur. Qantas Chief Executive Alan Joyce explained the bog down of talks to failure of both airlines "to reach mutually agreeable commercial terms."
Vittorio Hernandez Mar 09, 2012

Promise of No Strike from Qantas Pilots

Long-haul pilots of Qantas have promised no strikes if the union would succeed in its appeal on Fair Work Australia's (FWA) ruling a few months ago to prohibit industrial action. The union will file its case against the FWA termination of the pilots' industrial action before the Federal Court in Sydney.
Vittorio Hernandez Mar 05, 2012

Global Markets Overview - 03/02/2012

Stocks rebounded from the biggest decline in two weeks, rising after a strong reading on weekly U.S. jobless claims. The Dow Jones Industrial Average climbed 32 points, or 0.3%, to 13032, in Thursday afternoon trading.
Christine Gaylican Mar 02, 2012

Global Markets Overview - 02/22/2012

The Dow Jones Industrial Average pierced the 13000 level for the first time since before the financial crisis, but traded largely below the mark during a choppy session in which stocks were negative at times. The Dow broke 13,000 before noon Tuesday and a handful of other times throughout the day, but was down 17 points, or 0.1%, at 12933 in afternoon trading.
Christine Gaylican Feb 22, 2012

Global Markets Overview - 02/21/2012

The U.S. dollar fell to a near two-week low against the euro Monday on hopes European finance ministers would agree on conditions for another loan for Greece.
Christine Gaylican Feb 21, 2012

Air Australia Passengers Get $1 Million in Refunds

Scoopon has refunded about $1 million to Air Australia passengers who were stranded when the air carrier collapsed on Friday. These travelers purchased their Air Australia tickets from Scoopon, a group buying site.
Vittorio Hernandez Feb 20, 2012

Qantas Cuts 500 Engineering Jobs After 83% Drop in Profit

The labor dispute that has plagued Qantas for months has taken its toll on the air carrier's bottomline. The flag carrier reported on Thursday an 83 per cent decline on its half year net profit which plummeted to $42 million compared to a year ago.
Vittorio Hernandez Feb 16, 2012

Australian Stock Market Leads - 02/15/2012

The Australian stock market on Wednesday will try to put away the lacklustre sentiments generated by the U.S. and European indices overnight with a focus on a few earnings reports due to be released today.
Christine Gaylican Feb 15, 2012

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