Data from Flight Centre Corporate’s FCM Travel and Corporate Traveller suggests global and domestic air capacity have reached pre-pandemic levels for the first time, and international airfares out of Australia have seen a drop as a result.
“As of this month, and for the first time since the pandemic, we have reached aircraft passenger seat capacity that is above or beyond pre-pandemic levels globally. This means that across the world we have as many seats available to passengers as we did before 2019,” said Flight Centre Corporate Global COO Melissa Elf. “We’re seeing this directly correlate to decreasing airfares, which is great news for our corporate travellers, who rely on travel to keep their businesses ticking, and win new work.”
“An analysis of key international routes for Australian travellers has found fares on some routes dropped by up to 25 per cent, and with more and more capacity and competition being introduced to the market it’s a trend we’ll continue to see throughout the rest of the year.”
“We still have some countries that are lagging in their international and domestic capacity, but some that have come back stronger than ever before. It’s evident in the data that the airlines and airports with the highest levels of capacity are seeing the best rates for passengers.”