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The Latest Breaking News from Bonza

Qantas, Jetstar cash in on lack of airline competition

After budget airline Bonza collapsed early in 2024, Australia's remaining carriers have reaped their financial reward with impressive profits.

AAP

The Virgin-Qatar deal is welcome but it’s not the magic bullet Australian aviation needs

At a time when money can clearly be made domestically and passengers are paying more, this tie-up won’t fix competition woes

The Guardian - AU

Australian airlines more delayed than foreign competitors, but government decides not to nudge laws

Experts say lack of competition in Australia’s airline market is a likely factor behind prevalence of delays

The Guardian - AU

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Predictably, domestic airfares surged after the collapse of Rex. There aren’t many good solutions

Australia’s airline industry is famously duopolistic. Just two companies – Qantas and Virgin Australia – service 98% of the domestic passenger market. That’s not for a lack of other companies having tried to secure a foothold, over many decades.

The Conversation

Cheapest economy airfares more than doubled on some routes after collapse of Rex flights

ACCC says ticket price spike corresponds with concentration of sector and warns ‘it may be some time before a new airline emerges to compete’

The Guardian - AU

Crackdown on landing slots to have airport flying high

New powers are in the pipeline designed to crack down on the major airlines hoarding slots and freezing out the competition at Sydney Airport.

AAP

Australia’s air and tourism industries need government-backed insolvency insurance. Here’s why

Australia has a long history of domestic airlines collapsing, often affecting thousands of travellers, yet the industry provides little or no recompense.

The Conversation

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Outgoing Virgin CEO plays down Qatar stake speculation

Virgin Australia CEO Jayne Hrdlicka has played down reports Qatar Airways is seeking to acquire a 20 per cent stake in the nation's second-biggest airline.

AAP

Airline ombudsman plan gives hope to passengers but Qantas-Virgin duopoly remains unchallenged

The government’s much-anticipated white paper defers key decisions and passes the buck on the crucial issue of landing slots

The Guardian - AU

ACCC keeping ‘vigilant’ watch on Qantas and Virgin airfares after Rex retreat

Watchdog provides bleak assessment of airline competition, saying ticket prices could climb with return of duopoly

The Guardian - AU

Airfare spike fears after Rex's flight from capitals

With no Australian airline route featuring more than two companies, the competition watchdog says prices could spike with the exit of cash-strapped Rex.

AAP

If Australia had an aviation ombudsman, passengers could get compensation for cancelled flights

The financial difficulties of Rex Airlines, coming so soon after the bankruptcy of Bonza, have brought into sharp focus one of the federal government’s key priorities for aviation: enhancing passenger rights.

The Conversation

In just three months Bonza has collapsed and Rex is on the brink. What’s gone wrong?

Australian aviation appeared vibrant in 2023. But headwinds, not seen by the public, soon hit the two airlines that were pushing down ticket prices

The Guardian - AU

What is ‘slot hoarding’ – and is it locking out regional airlines like Rex?

It’s been a depressing year for regional aviation. Rex Airlines has just become the second Australian airline to go into voluntary administration this year, after Bonza’s collapse in April.

The Conversation

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International Business Times

Australian Airline Rex Enters Administration As Finances Sag

The Australian regional airline Rex cancelled flights as it entered voluntary administration Wednesday, leaving the fate of the country's third-largest carrier in serious doubt.

The Guardian - AU

As many as 360 workers sacked at Rex with hundreds more jobs to go

Employees reportedly told the airline will no longer operate flights between capital cities

The Guardian - AU

Why aren’t the likes of Rex and Bonza flying high in Australian skies? Ask the politicians

The idea of a truly competitive airline industry can’t seem to take off

The Conversation

Rex Airlines’ future up in the air amid questions about viability of small airlines in Australia

Winter is always a tough time to be an airline in Australia.

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The Guardian - AU

Rex has entered voluntary administration. What happens next to the embattled regional airline?

Virgin Australia has offered to rebook Rex passengers due to travel on now-grounded capital city flights on an equivalent Virgin service free of charge

The Guardian - AU

Aurora australis may be visible, BoM says – as it happened

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The Guardian - AU

Morning Mail: O’Callaghan beats Titmus in thrilling 200m final, universities accused over language tests, ‘ferocious’ UK knife attack

Australian swimmers take gold and silver in 200m freestyle final; university integrity under fire

The Guardian - AU

Labor ignored Bonza’s plea for help, as questions linger over what transport officials knew and when

Exclusive: Documents reveal what transport minister Catherine King was advised to say in public as budget Australian airline headed for collapse

AAP

Bonza reaches end of tarmac as budget carrier wound up

Creditors have voted to liquidate embattled airline Bonza with more than $110 million believed to be owed to creditors, workers, landlords and the tax office.

The Guardian - AU

Afternoon Update: Coalition won’t reveal emissions target; closing arguments in Greg Lynn trial; and Queensland’s pre-election budget

Peter Dutton says the Coalition will not set a 2030 emissions reduction target unless it wins the next election

AAP

Entitlements up in the air as Bonza workers jettisoned

More than 300 Bonza workers have been sacked after administrators failed to find a buyer to bail out the grounded airline.

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