According to the Australian Aviation and Airfare Analysis – Full-Year Edition, Australian airlines are focusing on providing value to their customers.
The report is published by 4th Dimension, Flight Centre Travel Group’s business travel consulting division and CAPA – Centre for Aviation.
It includes a full-year study of domestic airfares and the aviation sector in 2014 as well as an industry outlook for 2015.
The report highlights that despite modest increases to domestic fares on most routes late last year, customers will continue to benefit from ticket affordability for a long time to come.
The report features commentary from some of the travel industry’s biggest players including Graham Turner Managing Director of the Flight Centre Travel Group.
Mr Turner said air travel continued to represent excellent value for money with economy class affordability.
“Today’s traveller reaps the benefit of living in the ‘golden era of travel’ and will continue to, for at least another two decades. Domestic and international air travel now represents unprecedented value,” Mr Turner said.
Travelport chief executive officer Gordon Wilson said, the airline industry will remain highly competitive but progressive in its product and service offerings.
“In many cases, consumers will effectively pay the same or perhaps more for tickets despite fuel price reductions as airlines substitute surcharges for baseline price increases and additional fees for unbundled services,” Mr Wilson said.
The commentary in the report is supported by a specialist airfare benchmarking study conducted by the 4D analytics team.
The airfare study also compares ticket prices and buying trends in 2013 against full-year data in 2014.