Australian Business Class Airfares Drop
In news that many might find hard to believe, business class airfares in Australia are falling, down 10.6% from July 2018. Australian Aviation is reporting the (Australian) Bureau of Infrastructure, Transport and Regional Economics (BITRE) results also indicated that July 2019 is the fourth consecutive month that business class airfares have fallen. BITRE reports business class airfares in Australia are down 10.6% since July 2018. Photo: Andrew Curran / Simple Flying The result is compiled by tracking the cost of fares on the top 70 routes in Australia, collected from the websites of the two Australia airlines with business class cabins – Qantas and Virgin Australia. Fares include all taxes and charges and are adjusted for CPI movements. The Australian quotes Westpac’s Matthew Hassan, an economist, as saying the demand for premium seats is “restrained”, and that, “There has been a clampdown on discretionary spending … it may also be to do with corporates tighten...