Qantas has posted an underlying profit before tax of $1.25 billion for the first half of the financial year, under new boss Vanessa Hudson. It’s a 13 per cent drop compared to the same period of FY23. The half yearly report ending December 31 also revealed the airline had aContinue Reading
Australian budget airline Jetstar has surprisingly beat both Qantas and Virgin Australia when it came to having the lowest percentage of domestic flight cancellations last month. The latest figures from the Bureau of Infrastructure and Transport Research Economics, released on Monday, show Jetstar recorded 3.3 per cent cancellations in July,Continue Reading
Nearly three quarters of Australians say they still want a physical bank branch they can walk into — even though nearly 99 per cent of all interactions with customers are now online. According to the Finance Sector Union, more than 1600 bank branches across the country have closed between JuneContinue Reading
New rules are being imposed on banks across the country as branches continue to shut down amid an accelerating “digital revolution”. The Australian Banking Association’s (ABA) new Branch Closure Support Protocol will be in force from July 1 and comes after more than 1600 Australian bank branches closed between 2017Continue Reading
One of Australia’s biggest banks has slashed hundreds of jobs “to reduce costs” despite raking in record profits in the last financial year. On Thursday, Westpac announced that it was cutting 300 roles, in its head office, customer support and contracting positions. The Financial Sector Union (FSU) has criticised theContinue Reading