Month: December 2018

Cairns Airport engine loses thrust

November numbers today from Cairns Airport posted the third consecutive monthly fall in domestic passengers down -2.6%. Have to go back to the post GFC period in 2010 for the previous occurrence. Domestic capacity expansion from Qantas in to Cairns is scheduled from March 2019.   Yet again there is no commentary from the Airport…

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ACCC insurance proposals for NQ

ACCC inquiry has released the first interim report: Northern Australian insurance needs immediate action Extreme weather in northern Australia, and the cost of servicing this area, are partly to blame for the high premiums that many consumers are facing. But other factors have contributed, including moves by insurers to assess risk and set premiums at…

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Rising airfares and flights

Alan Kohler was shocked last night that discount airfares had risen 38.9% in December. Note that the 38.9% is an increase on the previous month and not on the previous year. The BITRE data presented here appears to have come via CommSec who are possessed of sound clickbait skills. So to refer to BITRE: Indexes…

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Hard grind at Reef

Reef Casino (ASX:RCT) has posted estimated distribution and guidance for 2018: In the second half, hotel operations have continued to perform strongly. Casino operations have been lower because of strong local slots competition, a softer Chinese tourist market and lower spending by patrons generally. The recently completed Casino Refresh Project resulted in some disruptions however…

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Issues with OAD & IVS

There has been an issue with the International Visitor Survey (IVS) around purpose of visit data. This hasn’t been provided for recent quarters with the most recent data for the year to December 2017. The IVS requires benchmark data on this from ABS Overseas Arrivals & Departures (OAD). TRA have indicated issues with this as…

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