Australian competition authority to “closely monitor” domestic airfares after Rex exit

The Australian Competition & Consumer Commission (ACCC) said it is keeping a close watch on Qantas and Virgin’s airfares following Rex’s voluntary administration at the end of last month. It also follows the collapse of Australian budget airline Bonza – a part of American investment company 777 Partners – when it liquidated in July. “The collapse of Bonza and withdrawal of Rex from routes between metropolitan cities means that, as of July 2024, no domestic route has more than two competing airline groups,” the ACCC read in a statement. The competition authority said it will “closely monitor domestic airfares” on