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An Aussie airline could collapse, says Qantas boss
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.
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