It sure costs a lot to park at airports. You know why? Because airports have a monopoly: they control all the parking, and they can even charge fees for alternative options like taxis or buses. There’s no competition driving them to lower their prices.
This could be how Sydney Airport made $100 million in profit from car parking fees in just one year. A recent report from the Australian Competition and Consumer Commission (ACCC) shows that Sydney Airport has a 73% profit margin on car parking, using their market monopoly to charge around $60 for 24 hours of parking.
The ACCC can’t intervene in this situation. But the Federal Government can. The Infrastructure Minister, Darren Chester, should step in and regulate airport’s exploitative car parking fees.
Sign our petition: regulate airport car parking fees.
There’s no reason for Sydney Airport to voluntarily reduce fees - it’s not as if passengers can choose a different airport. There’s no competition. This is why the Federal Government needs to step in.
The Federal Government could regulate airport fees. They could work out what’s fair, and make sure that airports can still profit on parking, without gouging drivers.
But airports are surprisingly powerful, and they try to keep politicians on side. That’s why we need to put pressure on Darren Chester MP - to let him know that we want fair parking fees at airport, and we expect the Government to do something.
Darren Chester MP: make airport parking fees fair.
More information
The ABC. 6 March 2017.