Australian competition regulator to monitor domestic air fares

Airline Market Monitoring: Australia's competition regulator is monitoring domestic airfares closely after Regional Express (Rex) withdrew from the market and entered voluntary administration, leaving no domestic route with more than two competing airline groups.

Impact on Competition: The collapse of Rex and Bonza raises concerns about consumer benefits in a competitive market, as Qantas and Virgin Australia dominate the aviation sector without immediate responses to the situation.