The Bureau of Infrastructure, Transport and Regional Economics’ (BITRE) latest air fare index report shows that discount and restricted economy fares during September were lower than the same time last year, while business class airfares increased slightly.
The Best Discount index came in at 67.9 compared to 78.5 for September 2009, while the Restricted Economy index was also down from 95.1 to 92.9. The Full Economy index rose from 90.0 to 92.8 while the Business index increased to 97.7 from 94.3.
The index seems to indicate that the low cost carriers in particular are continuing to discount their fares to stimulate traffic, which has in recent months continued to grow strongly. It is expected that the indexes may stabilise in coming months as the airlines move to recover yield heading into the busy summer season.
Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.