News
Australia’s competition watchdog closely monitoring domestic airfare prices
August 23rd 2024
The Australian Competition and Consumer Commission (ACCC) has reaffirmed its intention to track domestic airfares on services between state capitals following Rex’s late July exit from the inter-city market. Read More » “Consumers generally enjoy lower airfares where there is more competition on a route. With the suspension of Rex’s services between metropolitan cities, we are closely monitoring airfares and remain vigilant to increases in prices on routes Rex is no longer flying,” ACCC Commissioner, Anna Brakey, said. The ACCC’s latest domestic airline competition report shows declines in airfares, reduced cancellations and improved on-time rates in first half 2024. However, the competition regulator cautions consumers may miss out on the benefits of a more competitive domestic airline market if Rex is unable to re-commence services between metropolitan cities. Separately, Rex’s administrator has requested more time to consider several offers for the regional carrier.
