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Australia’s regulator axes Qantas-Japan Airlines deal

Published

4 years ago

September 13, 2021

Australia’s Consumer Watchdog blocks Qantas and Japan Airlines alliance

The Australian Competition and Consumer Chair has ruled against the joint business agreement between Qantas and Japan Airlines. The ACCC says the coordinated deal would hamper competitors on Australia-Japan routes.

Qantas and Japan Airlines announced the plan in December 2020, to launch in July 2021. Both major airlines wanted to use the plan to reboot the aviation sector and international travel.

However, the ACCC Chair, Rod Sims, says it is essential that competition between airlines is maintained to help the aviation industry’s full recovery. The plan did not pass the ACCC’s public benefits test.

“Airlines have been severely impacted by the pandemic and this has been a very difficult period for them,”

“But preserving competition between airlines is the key to the long-term recovery of the aviation and tourism sectors, once international travel restrictions are eased.”

Australian Competition and Consumer Commission Chair Rod Sims

Protecting the aviation sector

Qantas and Japan Airlines traditionally flew approximately 85-90% of total passengers flying between Australia and Japan. The ACCC says granting authorisation for the alliance would remove competition between Qantas and Japan Airlines. It would also make it extremely difficult for other airlines to operate on routes between Australia and Japan.

Virgin Australia has also petitioned against the plan saying, “it will be more difficult to enter the Australia-Japan route if it is required to compete with Qantas and Japan Airlines acting jointly rather than as individual competing airlines.“

The ACCC reiterates the alliance between Qantas and Japan Airlines would stop all competition between the airlines including price and service for three years.

“The ACCC can only authorise an agreement between competitors if it is satisfied the public benefits will outweigh the harm to competition. The alliance did not pass this test.”

Australia Competition and Consumer Commission Chair

Qantas and JAL expressed disappointment with the ACCC decision in a joint statement on Monday, though they said they would continue their codeshare arrangements and oneworld alliance partnership.

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5 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

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On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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6 days ago

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

1 week ago

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

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