Average cheapest economy tickets increased dramatically on routes formerly serviced by Rex, with Adelaide to Melbourne services up 95% to $296Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDomestic airfares have increased by 13% following the collapse of Rex’s flights between capital cities, the consumer watchdog has found, as Qantas and Virgin’s duopoly has surged to 98% market dominance.The Australian Competition and Consumer Commission (ACCC) found that since Rex suspended its jet operations between metropolitan cities across 11 routes and entered administration, the average airfare on all major city routes increased by 13.3% in the quarter to September 2024.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/12/domestic-airfares-surge-by-13-following-collapse-of-rex-flights-between-capital-cities
Author : Elias Visontay Transport and urban affairs reporter
Publish date : 2024-11-12 00:48:34
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Domestic airfares surge by 13% following collapse of Rex flights between capital cities
