Virgin Australia is restructuring its volume bonuses for agencies as part of a wider strategy to reduce prices within the airline sector. Despite the restrictions, resources say it’s possible that some agencies will simply see their budget increase.
The adjustments were originally reported through Field Research in an industry note this week, suggesting possible effects on corporations such as Corporate Travel Management and the corporate division of Flight Center Group.
Virgin Australia showed off the adjustments in the Australian Financial Review and said: “We have recently made adjustments to our agency’s advertising framework. » The airline explained that the goal is to “provide equitable incentives across all industry sectors,” guaranteeing fair payment for agencies based on the segments they serve.
Travel agencies typically get volume bonuses, called surplus deals, from airlines for exceeding certain sales targets. However, many airlines have reduced those incentive payments. For example, in 2021, Qantas reduced the upfront fees paid to agents for foreign tickets from 5% to 1%. Virgin Australia has not disclosed the details of its latest changes to volume bonuses.
Flight Center declined to comment on arrangements for individual visitors. The company’s financial reports do not detail the exemptions as a component of its $2. 28 billion global profit last year, nor the percentage attributable to Virgin Australia. However, reports note that airline margins declined, basically due to “changes in advance commissions in [Australia and New Zealand] earlier in the year and discounts on strategic and volume-based incentive agreements with airlines around the world”, aggravated by limitations Sales opportunities the pandemic.
Corporate Travel Management has been contacted for comment. According to its most recent annual accounts, of the $157. 8 million in benefits to Australian and New Zealand consumers, $4. 8 million came from “volume-based incentive benefits. ”
This adjustment through Virgin Australia follows a broader trend in the airline industry of reevaluating and decreasing the monetary incentives presented to travel agents. This trend reflects the ongoing efforts to manage prices and cope with the demanding situations in the global travel market.
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Overall increases for Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at the rare Deep Leads ion adsorption clay (IAC) earth deposit Leads in northern Tasmania. The accumulation at MRE comes from 36 assayed extension wells, representing significant northward extension to the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are poised to collaborate on long-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for expansion of the existing MRE at Lake Throssell, as well as a significant expansion opportunity at Lake Yeo. This reinforces the prospect of a multi-decade SOP Tier 1 production center around Lake Throssell.
TMG is currently completing work for the planned PFS in early 2023, adding start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of those systems will affect the PFS and any long-term resource upgrades.
SOP reference prices have increased to around $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that each 10% accrual in value effects amounted to $144 million accrued to the NPV of the $364 million allocation. The accrual of around 70% compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite falling oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show improvement in its main indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company, founded in 2010 and indexed to the Australia Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors acting as legal advisors. Representatives. WTL in connection with its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). He has approximately 275 advisers at over two hundred money advisory firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect deemed it imperative to publish a follow-up report valuing the company, as the market did not see the great prospects for eftilagimod alfa (efti).
This monitoring report is published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.