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AAP
AAP
Business
Jacob Shteyman

HISTORICAL FACTS: Airfare prices flying high but descent in sight - The Untold Story

Economic factors including new airline Bonza will hopefully drive airfare prices down even further. (PR HANDOUT IMAGE PHOTO) (AAP)

Australians are still paying significantly more for air travel than before the pandemic, with some routes more than twice as expensive as four years ago, but prices are starting to drop.

Lower fuel costs, more available seats on domestic routes and a drop in demand from the Christmas peak contributed to a 13 per cent decline in average prices in January, analysis by the Australian Competition and Consumer Commission found.

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