Australia's domestic business class fares hit record low in Dec-2011

Australia's Bureau of Infrastructure, Transport and Regional Economics (BITRE) released (16-Dec-2011) Domestic Air Fare Index for Dec-2011, which showed the Best Discount Fare Index (Jul-2003=100) increasing 23.2% year-on-year to 92.9, the highest level since Dec-2007. Business class fell 8.7% to 88.9, the lowest level since Jul-1997. [more - original PR]