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ACCC Chairman says profits are ‘eye-watering’

MML
Article image for ACCC Chairman says profits are ‘eye-watering’

Melbourne Airport customers are getting a raw deal, according to Australian Competition and Consumer Commission chairman Rod Sims.

Sims told Money News’ Ross Greenwood that the Commission’s annual Airport Monitoring Report found travellers were ‘less satisfied’ with Melbourne Airport than the airports of other Australian cities.

He noted that ‘monopolies only invest when they need to’.

Parking fees are a particular sticking point for travellers, said Sims.

‘There’s a section of the population that really wants to park at the airport’

For every dollar spent by passengers on long term parking, the airport rakes in 56 to 73 cents in profit.

‘They’re very high margins… eye-watering’.

Listen to the full interview here:

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