Qantas Airways, Virgin Australia tug of war brings business class tickets to its lowest in 20 years

Passengers taking business class flights on domestic routes in Australia are in for good times now. A stiff competition between Qantas Airways and Virgin Australia has brought the business class airfares to its lowest level in nearly 20 years.

The Bureau of Infrastructure, Transport and Regional Economics in Australia recently released its statistics for the month of July 2012. The statistics reveal that business class tickets have never been lowest as they are now, ever since the records started being noted in October 1992.

The latest government statistics for business class airfares also reveal how Virgin Australia is currently engaged into a cut-throat competition with Qantas Airways and struggling quite hard to break its vive-like grip on the domestic corporate travel market.
 
According to the statistics, business class seats were more than one third cheaper in July this year than in 2003 – the baseline for government aviation statistics. The rate is being compared with June, during which the business class airfares were about 19 percent less than the baseline.