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The entry of Rex into the lucrative Sydney/Melbourne market in March will mean cheaper airfares according to Virgin Australia’s new chief Jayne Hrdlicka. In a thinly veiled threat to the new carrier she has said Virgin does  ot intend to lose market share on the route. Rex will start flying three Boeing 737s between Sydney and Melbourne in March before adding Brisbane to its network. The plan is to grow its fleet to between eight and 10 aircraft by the end of 2021 in what will be the biggest shake-up of the domestic aviation market since Virgin’s launch 20 years ago. A fares war is certainly on the cards as Qantas and Jetstar join Virgin in the fight to maintain market share on what is known as the “golden triangle” between Sydney, Melbourne and Brisbane. This is one of the most profitable routes in global aviation and makes up 40 per cent of the Australian airline market.

Meanwhile, the changes at Virgin Australia roll on – the latest is the cancellation of the Velocity Global Wallet program. If you have a wallet you will  continue to be able to spend or perform ATM withdrawals of your funds until 31 July 2021 and redeem your funds beyond that date. From 1 February 2021, several important changes will occur – you will no longer earn Velocity Points via Global Wallet and fees will apply to ATM transactions and funds redemptions. If you have any questions, you can visit the Velocity Global Wallet page on the Velocity website or contact the Velocity Membership Contact Centre.
Edited by Ian McIntosh