Qantas has told travel agents it will raise international fares by one and four percent. So what does that mean for travellers in pure dollar terms?
According to Fairfax Media, the increase could see economy class fares rise by $10 to $40, and business class fares grow by $20 to $200, depending on the routes.
For instance, return economy fares to Singapore, Bangkok, Auckland, Hong Kong would rise by between $10 and $20, business fares to Auckland between $30 and $60, and business fares to Singapore and Bangkok by $50 to $80. Return first class fares to London would rise by $120.
Effective for sales and travel on or after 29 October, the price hike would also include Qantas’ entire joint network with Emirates. However, fares to the growing mainland US, Canada and Japan markets will remain unchanged, Fairfax reported.
Despite the lift in prices, Qantas said international fares continue to be significantly cheaper than they were ten years ago.
“Airfares today are incredibly good value and are below pre-GFC levels. International airfares continue to be 30 per cent cheaper than they were a decade ago,” a spokeswoman for the airline said.
In explaining the reason for the rise in fares, Qantas said it considered a range of factors “including overall market conditions, demand and capacity”.
After returning to profitability in the last financial year, Qantas expects to increase its international capacity by a further 6 percent this year.
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