Collapse of Rex Sees Domestic Airfares up by as Much as 95 Percent: ACCC

The Australian Competition and Consumer Commission (ACCC) report has found a lack of competition in the country’s domestic aviation industry has driven up the price of airfares, in some cases by as much as 95 percent. The most recent Domestic Airline Competition report shows that since Rex Airlines suspended its metropolitan routes, passengers have been paying significantly more to travel. Data in the latest findings shows that from July—when Rex called in the administrators—to October, economy class airfares skyrocketed in price. The Adelaide to Melbourne route was impacted by a 95 percent price rise to $296, while tickets from Melbourne to the Gold Coast went up 70 percent to $432....