Virgin CEO wants airports to lower landing charge fees

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Virgin Australia chief executive Paul Scurrah is set to ask the government to reduce landing charge fees at the country’s airports to help combat the effects of coronavirus.

Scurrah told The Sydney Morning Herald on Monday that he would ask Treasurer Josh Frydenberg to reconsider a state review that decided Sydney, Melbourne, Brisbane and Perth airports didn’t need stricter regulations to stop price-gouging.

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He told the newspaper, “The government has verbalised its intention to assist the tourism industry and there’s no better time to revisit the decision that [Productivity Commission] report.

“The circumstances we find ourselves in now highlight the absurdity of that decision.

“[Virgin Australia] will weather the impact but it doesn’t come without pain and that pain should be shared across the industry.”

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On Monday, the worst day of trading on the ASX since the global financial crash saw Virgin shares limp to a record low of $0.075.

That tumble followed its shares dipping below 10 cents for the first time on 2 March.

The week prior, credit rating agency Standard & Poor’s downgraded its outlook to negative.

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