Flight Centre: Airfares more affordable then ever
Flight Centre MD Graham Turner said the strong Australian dollar was having an impact on translation of Flight Centre’s overseas results.
“For example, UK sales increased 24 percent in local currency during the first quarter but only eight percent when translated into Australian dollars at the prevailing rate.
“In terms of the Australia dollar’s impact on outbound travel, we believe that while a strong dollar certainly benefits travellers, it is typically a secondary consideration.”
Generally speaking, airfare prices are the primary consideration for most travellers, Turner said.
“The good news for travellers planning an overseas trip at the moment is that international fares remain well below historic levels and are probably more affordable than ever.”
For example:
– The cost of the cheapest return ticket to London is now similar to the average weekly wage in Australia
– A return flight from Brisbane to Los Angeles is now about A$950 – about half the price that it was just two years ago.
– From Sydney, you can fly return to Christchurch from A$298 or to Fiji from A$395, prices that are not dissimilar to the cost of domestic airfares in the not-too-distant past
Ian Jarrett
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