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Collapse of Rex Airlines will harm competition on domestic routes, Australian watchdog says

( August 22, 2024, 01:12 GMT | Official Statement) -- MLex Summary: The recent collapse of Australian domestic carrier Rex Airlines and the earlier exit from the market of Bonza is likely to affect the price of airfares, with all routes now left with only two competitors, Australia’s competition regulator has warned. In releasing its most recent report on domestic airline competition, the Australian Competition & Consumer Commission said that while competitive conditions for consumers had increased over the first half of 2024, consumers were now likely to miss out on the benefits of a more competitive market due to the failure of Rex, which serviced regional airports as well as metropolitan routes.The Australian Competition & Consumer Commission's August 2024 "Domestic airline competition in Australia" report is attached, along with the regulator's full statement. ...

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