The Economic Times

Qantas, Virgin Australia drop domestic fares to as low as $99 and $55 in response to soaring fuel costs and weakening travel sentiment

Australia's major airlines, Qantas and Virgin Australia, have launched significant domestic fare sales, offering millions of discounted seats despite rapidly increasing jet fuel costs. This move comes as airlines grapple with rising operational expenses driven by global geopolitical tensions and constrained refining capacity, forcing strategic adjustments to capacity and pricing.