New data reveals the average return economy airfare to the most popular overseas destinations is now $1,827, compared with $1,213 in 2019
Get our morning and afternoon news emails, free app or daily news podcast
Australian international air fares have surged by more than 50% above pre-pandemic levels, new data shows, even as the cost of jet fuel plunges, creating a tailwind for airline profits and source of frustration for travellers.
Analysts link the apparent discrepancy between high fares and falling costs to profit maximisation, with airlines including Australia’s national carrier Qantas, in no hurry to give up the extra income.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
About Author
More Stories
Labor loses $1bn from Victoria’s upcoming budget surplus in favour of ‘practical’ cost-of-living relief
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
Son Heung-min tells South Korean police he is victim of blackmail attempt