Australia's BITRE reports domestic discount fares collapse in May-2010

Australia's Bureau of Infrastructure, Transport and Regional Economics (BITRE) released (13-May-2010) its Domestic Air Fare Index for May-2010, which showed the Best Discount Fare Index (Jul-2003 = 100) for domestic travel fell 29.0% year-on-year to yet another all-time low of 50.1 in May-2010. Restricted economy, full economy and business class fares in Apr-2010 were all lower year-on-year at 92.7, 90.2 and 94.5, respectively. [more]