Markets

COMMSEC: It’s the end of discount airfares in Australia

Don’t expect to find a great deal on flights, if the latest data on discount airfares is anything to go by. Commsec economist Savanth Sebastian has collated the latest figures from the Bureau of Infrastructure, Transport and Regional Economics (BITRE) which show rises across multiple airfare classes. Most glaring, though, […]
COMMSEC: It’s the end of discount airfares in Australia
Markets

Airfares are so cheap they are cutting into Flight Centre profits

Cheap airfares are partly to blame for a 4.7% drop in profit to $244.6 million at travel agency Flight Centre. Flight Centre says the cheap flights dragged on growth in Asia and in Australia. International capacity during 2016 grew faster than the number of passengers, leading to empty seats. In […]
Airfares are so cheap they are cutting into Flight Centre profits