Rising Passenger Confidence
World Economy

Rising Passenger Confidence

The number of passengers flying between Sydney and Melbourne in Australia rose 7.5% in July from the previous year, at a time when airfares are also rising, in a potential sign of rising business and consumer confidence, CommSec chief economist Craig James says, AFR reported. “If more business people are flying inter and intrastate it suggests companies are keen to chase new opportunities and prepared to spend money,” he said. “And if more people are flying to holiday destinations it could signify either lower fares, higher incomes [or] increased confidence.” Government data released last week showed the number of domestic passengers carried in July rose by 1.8% from a year earlier.


Short URL : https://goo.gl/atMMN6
  1. https://goo.gl/MuIFjF
  • https://goo.gl/xYZGy7
  • https://goo.gl/dwplty
  • https://goo.gl/px247T
  • https://goo.gl/lKQt5S

You can also read ...

An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
More Scots Jobless
Scotland’s unemployment rate rose to 4.5% in the final three...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...