Domestic airfares have fallen to almost pre-pandemic levels while the price of international flights have soared about 50 per cent higher than they were in 2019.
It’s a scenario that instantly makes the prospect of exploring our own backyard feel a great deal more attractive than chasing summer sun on the other side of the world.
In sharp contrast, the average return economy airfare from Australia to Europe over winter has risen by 46 per cent on the 2022 price and 63 per cent on the pre-pandemic cost, according to Kayak, to $2571. A flight to the Portuguese capital Lisbon will set Australians back a staggering $2963. The glaring exception is Perth, with airfares still sitting well above pre-pandemic pricing. The cost of a flight from Perth to Melbourne, for instance, is up 29 per cent – or $523 on average – on 2019; to Sydney up 16 per cent, or $516; and from Melbourne to Perth 32 per cent higher, at $523 more.That’s helped push the national average Australian return economy flight price up 11 per cent on the pre-COVID level, but that’s likely to fall soon too.
There are other developments that will help the price squeeze, with Rex picking up more capital city routes and new entrant to the market Bonza, with 12 destinations and 15 routes. “Rex now has 737s which it never had before, Bonza has 737 MAX 8s, regional LINK airways has flights to Dubbo, and Alliance Airlines, which was mostly for resources companies doing fly-in-fly-out, is buying a whole bunch of E190s.”
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