Business
Either Rex or Virgin will perish: Qantas boss
The Australian domestic aviation market is not big enough for 3 airlines, according to Qantas Airways Limited (ASX: QAN) chief Alan Joyce.
In March, Regional Express Holdings Ltd (ASX: REX) is starting flights between Australia’s 3 biggest cities – Sydney, Melbourne and Brisbane.
With the newly private Virgin Australia and Qantas already operating, Joyce doesn’t think all 3 can survive a post-COVID price war.
“This market has never sustained three airline groups and it probably won’t into the future,” he told the Reuters Next conference.
“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 that’s going to be interesting.”
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