Virgin Australia chief executive Jayne Hrdlicka said allowing more competition from Qatar Airways would slash overseas fares by up to 40 per cent.
Ms Hrdlicka described as “nonsense” comments from Qantas boss Alan Joyce that allowing Qatar’s bid to add 28 new flights a week would “distort the market”.“There is no market distortion that can be argued as a reason not to add Qatar’s flights,” the boss of Virgin – which is a big loser from the government’s decision to block Qatar – told the ABC on Tuesday.over high fares and poor service after the airline pocketed $2.7 billion in taxpayer handouts during the pandemic.
Virgin and its partners hold a 23 per cent share and adding Qatar’s additional four services would increase this to between 25 per cent and 27 per cent. including a rise in group profit margins to 12 per cent, from 8.3 per cent before the pandemic, and a surge in the profit margin on domestic flights to 18.3 per cent from 12 per cent.
“The reality is that many of the airlines that provided those seats into Australia won’t recover,” Ms Hrdlicka said.managing director of the Board of Airline Representatives Australia Stephen Pearse,Ms Hrdlicka called on the government to open a dialogue after comments from assistant treasurer Stephen Jones that the government should make sure Qantas is profitable “in the national interest.”
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