Aviation expert Keith Tonkin says skyrocketing airfares could come down by the end of next year - but don't expect them to be as cheap as they used to be.
In the six months to June 2023, domestic airfares have increased by 22.6 per cent while international fares have risen by 52.2 as the demand for overseas travel outstrips available supply.
“The reasons for rejecting the application are a little bit murky and we’re still trying to work out really what’s at the heart of the reason," he said on Saturday. He anticipated international fares could go down in 2024 but that relied on a combination of multiple other factors. "Some of the other drivers of costs are causing those fares to be higher than they were previously and we probably wont return to those due to the inflationary environment we are in, but more competition will bring those fares down."
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