Why Australians are paying 50% more for air fares than pre-pandemic even as jet fuel costs drop
by Jonathan Barrett and Elias Visontay from World news | The Guardian on (#6BZH2)
New data reveals the average return economy airfare to the most popular overseas destinations is now $1,827, compared with $1,213 in 2019
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.
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