Australian domestic airfare index falls 3.4% year-on-year

Australia’s Bureau of Infrastructure, Transport and Regional Economics released its Domestic Airfare Index for Sep-2017 which showed the ‘Best Discount Fare’ Index (Jul-2003 = 100) for domestic travel fell 3.4% year-on-year to 71.1 in Sep-2017. ‘Restricted economy’ increased 4.2% year-on-year and ‘Business class’ declined 0.5% year-on-year.