Domestic airfares have surged since Regional Express stopped flying capital city routes in July, and some tickets now cost more than during a typical Christmas peak period.
The Bureau of Infrastructure and Transport Economics index for restricted economy fares jumped from 81.3 in July – Rex’s last full month of operations before it went into administration – to 93.3 in August and 93.6 this month, the highest in more than a year.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au