Airlines, US Fed predicting Fall Cool Down as Post Pandemic Boom wanes
#TurksandCaicos, September 29, 2023 – The US is bracing for the beginning of the end of the post-pandemic travel boom while bringing in less money than they expected, after arguably one of the best summer travel seasons in years. Now, reports indicate US flight ticket prices are plunging as the Federal Reserve and top airlines predict a slowdown in travel this fall season.
Delta airlines, which saw record bookings in summer, hiked up its earnings forecast in July, expecting between $2.20 to $2.50 returns per share. Now as the fall season begins, it is backtracking on that, expecting to pull in less revenue.
Both companies are citing increased expenses that took a chomp out of profits, including higher fuel costs, according to a series of regulatory filings seen by our news team.
For Frontier, in their filing, it wasn’t just fuel but higher cancellations rates as well.
American media are reporting that Spirit, Southwest and Alaska Airlines are all predicting lower profits.
More concerning for international travel though, is a report from the Federal Reserve that Americans might be cooling down on luxury travel spending, the September 6th report said.
“Consumer spending on tourism was stronger than expected.” Despite this better than expected outcome, spending on tourism is slowing and projected to continue down that path.
Specifically, the Fed said tourism spending was, “surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era.”
The report also expressed concern that more US consumers were turning to borrowing rather than savings, to augment their daily spending.
The lionshare of travellers to the Turks and Caicos visit from the United States. So far Tourism Officials are not weighing in on how these projections in the country’s leading source market may impact projections in the country.
Misconduct for Medical Professionals laid out by TCIG in new amendment
#TurksandCaicos, September 29, 2023 – A suite of actions that constitute misconduct for medical professionals in the Turks and Caicos has been laid out by the Government, along with a process outlined for recourse for residents who think they have been wronged via proposed amendments to the Health Professions Ordinance.
Section VIII of the ordinance which dealt with disciplinary actions has been repealed and replaced; included in that replacement is a list of 12 actions that will land medical professionals in hot water.
Drinking on the job, abandoning patients, faking certificates for vaccines and even sharing profits are actions that TCIG is warning against. The full list outlines the misconduct of a health professional as:
- If he personally abuses or misuses alcohol or other substances such that it affects or impairs the performance of his duties, or during the performance of his duties;
- If he abuses or misuses his position as a health professional;
- If he conducts himself in an indecent or violent behavior;
- For misconduct in research endeavors;
- If he willfully betrays a professional confidence;
- If he abandons a patient in danger without sufficient cause, and without giving him an opportunity to retain the services of another health professional;
- Knowingly gives a false certificate respecting birth, death, notice of disease, state of health, vaccination or disinfection or respecting any matter relating to life, health, or accident insurance;
- Divides with another person, who is not a partner, any fees or profits resulting from consultations or surgical operations, without the patient’s knowledge and consent;
- Impersonates another health professional;
- Employs in connection with his professional practice an assistant who is not registered or licensed under this Ordinance, or permits a person who is not registered or licensed under this Ordinance to attend or treat patients
- Directly or indirectly holds himself out to the public as a specialist or as being specially qualified in any particular branch of medicine and who has not taken a special course in such branch and received a certificate of specialty therein which is recognized by a council;
- Does or fails to do any act or thing, the doing of which or the failure to do which a council considers to be unprofessional or discreditable
If a resident alleges malpractice or makes a complaint against a medical health professional, the proposed amendments now require that person to provide in writing an affidavit detailing the alleged offense and his reasons for believing it true.
The authorities then have to decide whether the complaint is genuine and then proceed to censure, reprimand the health professional, suspend their license, or strike them from the register of licensed registered health professionals via hearing.
Youth Organizations get Big Prizes at inaugural National Youth Awards
#TurksandCaicos, September 29, 2023 – When the National Youth Awards were held on Wednesday, September 27, 2023, a number of organizations that have long been making outstanding contributions to youth development were bestowed with first-time national awards; the Turks and Caicos Islands Government honouring their contributions to the country.
The awards were presented during the first annual National Youth Awards on September 27th as the country celebrated Youth Week.
The Saint Monica’s Christian Youth Movement was highlighted for being Outstanding In Community Spirit And Building Relationships.
The Rotaract Club was awarded for being Outstanding In Community Projects.
The Edward C. Gartland Youth Centre for being Outstanding In Community Impact Through Volunteer Services.
Finally, the Pine Cay Project was recognized for its Outstanding Corporate Contributions.
The organizations were awarded along with a group of young people who have recorded significant achievements across education, entrepreneurship, sports, and more.
The National Youth Awards were held at the ballroom of Beaches Turks and Caicos.
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