Australian Airports Association tells parliamentary inquiry market dominance has allowed the two airlines to jack up profit margins
Get our morning and afternoon news emails, free app or daily news podcast
Qantas and Virgin now account for 95% of Australia’s domestic aviation market, a dominance that dwarfs industries such as banking and supermarkets and has allowed the airlines to jack up profit margins, the national airport body has warned.
The continued duopoly of Qantas Group – which includes budget carrier Jetstar – and Virgin Australia in the domestic aviation sector has also allowed air fares to rise above pre-pandemic levels even when adjusting for inflation, the Australian Airports Association (AAA) said in its submission to a parliamentary inquiry.
More Stories
NBN’s $3bn fibre revamp is great news but don’t Australians now care more about price than higher speeds?
Ryanair calls for limit of two alcoholic drinks at airports in Europe
Matthew Flinders’ lead coffin plate makes voyage from underground London to South Australia