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Qantas, Virgin have capitalized on competition shortcomings, Australian regulator says

( May 20, 2025, 01:36 GMT | Official Statement) -- MLex Summary: The strong financial results announced by Australia’s domestic-airline duopoly, Qantas Group and Virgin Australia, is linked to the sector’s limited competition, according to the country’s competition watchdog. In a statement announcing the release of its latest Domestic Airline Competition Report, the Australian Competition & Consumer Commission said Qantas and Virgin continue to dominate the domestic airline-passenger market, carrying 98.3 percent of passengers, with collapsed regional carrier Rex accounting for 1.7 percent. Qantas’ budget airline Jetstar had been able to capitalize “on the continued absence of competitive pressure from another low-cost carrier in the domestic market to increase its market share and operating margin,” Commissioner Anna Brakey said.The Domestic Airline Competition Report is attached and the full ACCC statement is below: ...

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