Airfares will not fall until mid-2024 with low capacity keeping prices high and regional routes worst affected, experts say
1 year, 5 months ago

Airfares will not fall until mid-2024 with low capacity keeping prices high and regional routes worst affected, experts say

ABC  

Teree Burr used to travel for work every month — but that has stopped because of the soaring cost of flights. David Beirman, adjunct fellow in management and tourism at Sydney's University of Technology, said fares were now competitive on "heavily travelled" routes like Sydney to Melbourne and Sydney to Brisbane but in regional flights were still high. "Many regional airfares in Australia actually will probably remain high because the airlines who operate there treat those routes as a cash cow," he said. No return of airfares to pre-COVID levels International airfares are also "stubbornly" high on most routes, according to Flight Centre Travel Group CEO Graham Turner. Mr Turner said international flights out of Sydney through the Middle East were only at 70 per cent of pre-COVID levels.

Europe Flights International Flights High Covid Cent Capacity Melbourne Sydney Turner Qatar Tamworth Coffs Harbour Flight Centre 2019 Levels Mr Turner Airfares Bitre Ms Burr Regional Routes Regional Flights Low Airlines Dr Beirman  high  sydney  capacity  regional  routes  low  airlines  precovid  airfares  worst  fall  cent  say  keeping  mid2024  flights  prices

History of this topic

Is there a future for no-frills flying in Australia if new budget airlines get the model right?
10 months, 4 weeks ago

Is there a future for no-frills flying in Australia if new budget airlines get the model right?

ABC  

Dragging your painstakingly weighed luggage through endless airport corridors to find a faraway gate. Greg Bamber from Monash University's Business School, who has studied low-cost airlines around the world, said it would have made more sense to use smaller planes as it only operated on regional routes. But Professor Bamber says costs can be higher for budget airlines than established …

Airfares are sky-high — is that a good thing?
1 year, 4 months ago

Airfares are sky-high — is that a good thing?

Hindustan Times  

Life has gotten more expensive since the pandemic but few things have risen as much as the price of flying. In February 2023, data from aviation analytics company Cirium revealed that average ticket prices for hundreds of the world's most popular routes had risen by 27.4% from early 2022, when prices were low as pandemic-hit airlines looked to entice travelers …

Europe flights set to stay costly until late 2024, industry says
1 year, 6 months ago

Europe flights set to stay costly until late 2024, industry says

ABC  

Flights between Australia and Europe will stay high until the end of 2024, when they are expected to drop in price to near pre-pandemic levels, according to the boss of Flight Centre. Key points: Flight Centre CEO Graham Turner says the cost of flights to Europe will remain high until late 2024 Transport Minister Catherine King has pledged the price …

2023 set to be 'huge year' for international travel with Australia returning to pre-pandemic levels
2 years, 2 months ago

2023 set to be 'huge year' for international travel with Australia returning to pre-pandemic levels

ABC  

After almost three years of border closures, countries like Japan and China have finally reopened — and many Australians are heading there. "During the first few lockdowns of 2020, there were reports that the airline industry and international travel would return to its 2019 state in 2024," Mr Bird said. "Throughout 2022, we saw surges in demand when countries like …

Aussie plane ticket prices hit a whopping 15-year high with some more than TRIPLING
2 years, 3 months ago

Aussie plane ticket prices hit a whopping 15-year high with some more than TRIPLING

Daily Mail  

Fares on domestic airlines have hit a whopping 15-year high with some popular routes costing three times more than they did in 2019. The average airfare is 27 per cent higher than it was three years ago before the pandemic took hold, the ACCC's latest Airline Competition in Australia report reveals. Flights from Sydney to Perth and Ayers Rock have …

Airfares hit highest level in years despite falling fuel prices
2 years, 6 months ago

Airfares hit highest level in years despite falling fuel prices

LA Times  

A wave of “revenge travel” — people making up for trips canceled during the pandemic — is among the factors keeping airfares high. “This year, CheapAir.com is anticipating a busy holiday season with high prices, and recommends that travelers shop earlier than they might have pre-pandemic,” said Jeff Klee, the company’s chief executive. “With two years of pent-up travel demand …

How high airfare is fuelling labour shortage in Australia despite PR visa hike
2 years, 6 months ago

How high airfare is fuelling labour shortage in Australia despite PR visa hike

Live Mint  

The high cost of global travel right now is fueling Australia’s worker shortage, the country’s trade minister said, with the jobs market the tightest it’s been in almost 50 years as the Covid crisis eases., Trade and Tourism Minister Don Farrell said in an interview with Bloomberg News in Los Angeles, on the sidelines of a meeting of Indo-Pacific trade …

Demand for overseas flights sees 'severe shortage of seats' as travel gears up post-COVID
2 years, 9 months ago

Demand for overseas flights sees 'severe shortage of seats' as travel gears up post-COVID

ABC  

Just months after Queensland's border reopened to the world, demand for seats on overseas flights is contributing to higher-than-usual ticket prices. Key points: Major US airline United Airlines will fly three times per week from San Francisco to Brisbane from October Overseas departures are still nowhere near where they were pre-pandemic Reactivating aircraft fleets and airline operations and retraining crew …

Why Australians will get good deals on overseas flights as Qantas restarts international travel
3 years, 7 months ago

Why Australians will get good deals on overseas flights as Qantas restarts international travel

Daily Mail  

Australians look set to have good value overseas flights in coming months but may pay more for regional travel when Covid lockdown restrictions are eased. Australians look set to have good value overseas flights but may pay more for regional travel when Covid restrictions are eased Qantas, however, isn't nearly as dominant in the international space with Singapore Airlines, Air …

Opinion: Why airfares will likely keep getting more expensive
3 years, 9 months ago

Opinion: Why airfares will likely keep getting more expensive

CNN  

Editor’s Note: Khalid Usman and Bruce Spear are both partners in Oliver Wyman’s transportation and services practice specializing in airline economics. Here’s why: Steadily increasing demand Even in the absence of US business travelers, who normally account for a fifth of passenger trips and 30% of spending, according to US Travel Association data, some carriers find their passenger load factors …

Australian regional airline Rex to launch more flights amid Covid-19
4 years, 1 month ago

Australian regional airline Rex to launch more flights amid Covid-19

Hindustan Times  

Regional Express Holdings Ltd said on Monday it would start flights to Adelaide and Australia's Gold Coast by April 1 as it begins to challenge Qantas Airways Ltd and Virgin Australia on the country's big-city routes. Australian regional airline Rex to launch more flights amid Covid-19 The airline's first Melbourne-Sydney flights are planned for Monday morning, at a time when …

Discounted $79 flights offered to Aussies travelling between Sydney and Melbourne
4 years, 3 months ago

Discounted $79 flights offered to Aussies travelling between Sydney and Melbourne

Daily Mail  

Australian travellers can bag bargain on flights between Sydney and Melbourne as one airline launches a huge sale. Regional Express have cut prices to as low as $79 and will offer 100,000 discounted fares from today. REX is offering travelers $79 flights between Sydney and Melbourne from today Rex Deputy Chairman John Sharp said in a statement that his airline's …

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