ACCC SUGGESTS AIRPORT REGULATION, SAYS FLYERS PAY UP TO $1.6B IN EXTRA FEES DUE TO PRIVATISATIONS
Airlines and their passengers have paid up to $1.6 billion too much for airport access over the past decade due to a textbook example of how not to privatise monopoly assets, the competition regulator said.
The Australian Competition and Consumer Commission’s (ACCC) latest report into Australia’s four biggest airports – Sydney, Melbourne, Brisbane and Perth – found that profit margins eased slightly for…
Read more at: http://www.abc.net.au/news/2017-03-06/accc-says-consumers-gouged-through-poor-airport-privatisations/8327196?section=business
