16-Jul-2010 12:51 PM

Domestic air fares in Australia continue to decline in Jul-2010

Australia’s Bureau of Infrastructure, Transport and Regional Economics (BITRE) released (15-Jul-2010) Domestic Air Fare Index for Jul-2010, which showed the ‘Best Discount Fare’ Index (Jul-2003 = 100) for domestic travel fell 13.3% year-on-year to 54.2, the lowest ever to be reported for the month of July. ‘Restricted Economy’ and ‘Business Class’ fares were also lower when compared to Jul-2009, at 92.3 and 93.9, respectively, while ‘Full Economy’ fares rose for the second consecutive month to 90.9 (+1.2%). [more]