Qantas and Virgin duopoly dwarfs the Australian banking and supermarket industries, airport peak body says
by Elias Visontay Transport and urban reporter from on (#6CZX4)
Australian Airports Association tells parliamentary inquiry market dominance has allowed the two airlines to jack up profit margins
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.
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