Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Airline deregulation one year old



Download PDFDownload PDF

MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA

M in iste r fo r Shipping and A via tio n Support

46/91

AIRLINE DEREGULATION ONE YEAR OLD

M

Deregulation of the interstate aviation industry has been a great success and the Australian people are the chief beneficiaries.

The Minister for Shipping and Aviation Support, Senator Bob Collins said the first year of deregulation had seen vigorous competition characterised by a myriad of cheap fares and a range of special deals not possible under the old two airline agreement.

He said the new competitive environment was clearly illustrated by the airlines' June to August seat sale in which discount fares offered were about 61 per cent below the cost of a standard economy ticket.

"Airlines now are offering packages, including accommodation and ground transport, rather than simply selling an air ticket," Senator Collins said.

"The battle for the business traveller also is raging with frequent flyer programs, wider seating, free or discount accommodation and car hire among the incentives offered.

"Even more encouraging is the fact that airlines are continuing to provide sufficent capacity to ensure that the demand for seats is being met.

"Freed from the rigid economic controls of regulation, airlines are matching aircraft size and frequency with demand for travel on each route."

Senator Collins said the new deals had seen record growth in passenger numbers with 15.4 million passengers carried in the 12 months to September 1991. This is an increase of 8.6 per cent on the previous record of 14.2 million carried in

the year to September 1988 when the Bicentennial and Expo activities proved powerful attractions.

CO fv'iivt Ο N WE ALT H parliamentary library tvilCAH

IvncniA DCI CACCHilCniA DPI PAQP ΜΡΓΙΙΛ DPI PAQP ΜΡΠΙΑ

MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA RELEASE MEDIA

- 2 -

He said the Government's key objectives in deregulating the interstate aviation industry had been achieved with increased responsiveness by airlines to consumer needs, greater economic efficiency in the industry and a

continuation of Australia's world renowned safety record.

October 30, 1991.

Contact Jack Lake 06 2777040 [w]

06 2882800 [h]