Virgin Australia’s exit from the long-haul international market since the pandemic has been almost entirely filled by Qantas’ low-cost subsidiary Jetstar, which has grown volume by almost one million seats.
The new analysis of how Australia’s aviation market has changed in the five years since the pandemic – with Virgin’s exit taking 1.1 million seats out of the market, hitting services to the United States and New Zealand the hardest – points to how Jetstar is powering much of Qantas’ growth and how the shift has hurt travel agencies who are faced with lower margins on fares.
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