An Aussie airline could collapse, says Qantas boss

Sunday, 14 Jan, 2021 0

Qantas boss says Australia’s aviation market isn’t big enough for three major airline groups and predicts one could still perish before a full post-pandemic rebound.

Unsurprisingly Alan Joyce says it won’t be Qantas Group.

Joyce said in an interview a big market change is the emergence of regional carrier Rex.

He believes Rex moving into jet service and launching Melbourne to Sydney flights could spark a price war.

"My personal view is that this market has never sustained three airline groups and it probably won’t into the future," he said at an online Reuters event.

It could lead to the collapse of either Virgin Australia or Rex, Joyce says.

"You can be guaranteed that Qantas will be one of them – it’s who else is going to be in the market place post this and into the future is going to be interesting."

Rex is moving into the mainstream with an expected fleet of up to 10 Boeing 737s by the end of this year.

Qantas said its domestic flying capacity is at about 60% of pre-pandemic levels and hopes to increase that to 80% by the middle of 2021.

It also hopes to boost domestic market share to 70%.

Written by Ray Montgomery, Asia Editor

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

We are the UK’s leading Canada travel experts Canadian Affair Company Information Founded in 1995, Canadian Affair offers an...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...

Chargebacks911 offers scalable solutions that are customized for any business of any size in any industry. With the flexibility to...

In 2019, Buffalo Tours and Olympus Tours joined the Flight Centre Travel Group (FCTG) family and formed Discova. With the...

This is Jersey. An island shaped by the sea where some of the most astonishing tides in the world circle...

Our leadership is bold. Our agility thrives on open innovation and we embrace the new, whether it’s diversity, trends, challenges....

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries...

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never...

Travel specialists founded the company in 1999 as AC Tours. Since then we have grown and expanded to incorporate four...

If you’re thinking of cruising, there’s a very good chance you’re considering a Carnival cruise. Growing since our founding in...

STA was established to support the growth of the travel and tourism sector by serving the needs of tourism companies...

From the Tel Aviv beach scene to the shores of the Dead Sea, Israel layers diverse cultures, outdoor adventures, and...

IHG Hotels & Resorts: Redefining Hospitality Excellence IHG Hotels & Resorts is a globally renowned hospitality company that stands at...

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond....

We work with reliable data providers with global coverage, that guarantee data representativeness as well as compliance with International Personal...