Qantas, Jetstar cash in on lack of airline competition

Qantas and Jetstar cash in on lack of airline competition

After budget airline Bonza collapsed early in 2024, Australia's remaining carriers have reaped the rewards.

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.

Qantas share price slips amid looming $121 million fine

The Qantas Airways Ltd (ASX: QAN) share price is in the red today. Shares in the S&P/ASX 200 Index (ASX: XJO) airline stock closed yesterday trading for $10.29. In late morning trade on Wednesday, shares are changing hands for $10.27 apiece, down 0.2%. For some context, the ASX 200 is up 0.9% today, with investors in a bullish mood following yesterday's RBA interest rate cut. Today's underperformance may be linked to the latest legal woes playi…

Qantas, Virgin see profits rise due to low competition: ACCC

Qantas Group and Virgin Australia are benefiting from strong demand for flying and minimal competition in the domestic airline sector, according to the Australian Competition and Consumer Commission’s latest (ACCC) report.  In the report, which was released on May 20, 2025, the ACCC said that both Qantas Group and Virgin Australia recorded significant profits in the first half of 2024–25.  Qantas Group reported an underlying EBIT of $916 million…

ACCC: Strong demand, reduced domestic competition boost Qantas, Virgin Australia - Asian Aviation

Australia’s two largest airline groups have both recorded strong financial results for the first half of 2024-25, reflecting a number of factors including strong ongoing demand for flying and limited domestic competition, the ACCC’s latest Domestic Airline Competition report has found. Qantas Group reported earnings before interest and taxes of $1.5 billion for the first half of 2024-25, with $916 million coming from its domestic operations acro…