Full economy and business class airfares were marginally lower during November 2010 compared with the same time last year, according to the latest Domestic Air Fare Index report from the Bureau of Infrastructure, Transport and Regional Economics (BITRE).
For the month, the business fare index increased by two points to 97 while the full economy index increased from 90.3 to 92.7. The restricted economy index fell from 95.9 to 91.8 while, the best discount fare index fell from 67.9 to 53.8.
The fall in the last two indexes may demonstrate that yields continue to remain lower, particularly in the leisure market served predominately by Jetstar and Tiger Airways. However, the growth in business and full economy would seem to indicate that Qantas and possibly also Virgin Blue are benefiting from a recovery in demand from the corporate market which has seen fares rise.
Start your very own aviation journey with Australian Aviation. Sign up today for as little as $49.95 and you’ll enjoy access to:
You can always rely on us to keep you in the know.
Join now and start enjoying all these benefits today.