Bringing down airfare prices by releasing Qantas and Virgin Australia’s stranglehold on the domestic flight market will require government intervention or a competitor with “very deep pockets”, tourism supremo Graham “Skroo” Turner believes. Turner, the chief executive of Flight Centre, has expressed his concern about budget airline Bonza going into voluntary administration this week, grounding planes and putting 150 staff out of work.
“They are very rare and Virgin and Qantas have the vast majority of them and they’re hanging on to them. “So that is one thing that the Government could do to encourage more competition, even between Qantas and Virgin.” Australian Airports Association boss James Goodwin said Bonza had been “instrumental” in forcing prices down across the industry on the popular Melbourne-Gold Coast route. “This is a sad time for aviation and a major blow for competition,” Goodwin said.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »
Source: 7NewsSydney - 🏆 16. / 63 Read more »