Well it won't be covid holding aviation back, ACCC wants QF to play nice to let a competitor be given a fair go what a load of BS. Guess they won't acknowledge QF group has taken a massive financial hit and are in need of having to get revenue. At the end of the administration VA will have a company with billions at hand, should be open slather.
ACCC told to watch airlines to give Virgin Australia a chance
The ACCC has been directed to monitor competition among domestic airlines over the next three years.
The federal government has ordered the competition watchdog to monitor domestic flights in Australia for the next three years in an effort to give a renewed Virgin Australia the best chance of succeeding.
A statement form Treasurer Josh Frydenberg said Australia’s national interest was best served through having a sustainable, competitive aviation sector.
He said the direction would require the Australian Competition and Consumer Commission to monitor prices, costs and profits in the domestic air passenger sector.
“A key matter covered will be the level of capacity the airlines are putting on each route and whether this is occurring in a way that may damage competition,” Mr Frydenberg said.
“The ACCC will release reports at least quarterly.”
ACCC Chairman Rod Sims welcomed the direction from government and the “opportunity to ensure competition in the domestic travel market at this time”.
He said the commission would be looking out for any early signs of damage to competition in the domestic airline industry which could harm the long-term interests of consumers.
“This information can then be quickly acted on by the ACCC and/or provided to the government,” said Mr Sims.
Mr Frydenberg indicated the move was a further example of the government’s support for the aviation industry as it navigated the coronavirus pandemic.
“This includes continuing to work constructively with the administrator in relation to the Virgin administration and supporting a market-based solution,” he said.