Your Guide to the Big Drop in Economy Airfares

Are you dreaming of jetting off to your dream destination without breaking the bank? Well, you’re in luck! The latest data reveals that airfares to some of the most sought-after tourist spots have taken a significant nosedive over the past year, leaving some Aussie travellers with extra cash to splurge on their adventures. Let’s dive into the details and explore how you can make the most of these savings while knowing that you have some protection in place with travel insurance, to help safeguard your travels. 

According to Flight Centre, the average price of international economy airfares sold in Australia has plummeted by a whopping 12.8 per cent as of May 2024. Imagine saving hundreds of dollars on your next getaway – sounds like a dream come true, right? Trips to popular destinations like Indonesia, New Zealand, and the United States have seen substantial price reductions, making it more affordable to indulge in some overseas escapades. 

If you’ve been eyeing a Bali retreat or a jaunt across the Tasman Sea, now is the perfect time to turn those travel dreams into reality. This time last year, an economy return airfare from Sydney to Bali could set you back around $1010, but thanks to the recent price drop, you can snag the same ticket for under $800. That’s more money in your pocket to spend on delicious Indonesian cuisine or relaxing beachside massages. 

If that’s what you needed to hear to escape Aussie winter and book your next Bali getaway, make sure to check out our Health and Safety Guide When Traveling To Bali.

Our favourite island paradise awaits, and we want to help to ensure your trip is not only memorable but safe and relaxing. 

But the savings don’t stop there. Whether you’re craving the bright lights of the Big Apple or the romantic allure of Paris, you’ll be pleased to know that airfares to the US and various European destinations have also seen significant decreases. With prices becoming more competitive and airlines ramping up their services, travellers are reaping the benefits of increased options and lower fares. 

According to Google’s latest Destination Insights, the US as a destination has been the biggest trend for Aussies travelling in 2024 so far. So, these savings might come in handy for a lot of you when planning your next holiday! 

So, what’s behind this airfare bonanza?  

Increased competition and capacity are driving down prices, giving travellers plenty of reasons to celebrate. With airlines vying for passengers’ attention, there’s no better time to score a bargain on your next flight. But before you jet off into the sunset, don’t forget to think about travel insurance with Fast Cover, so you have some protection in place as the unexpected can and does happen.  

At Fast Cover Travel Insurance, we understand that unexpected mishaps can put a dampener on your travel plans. That’s why we offer a range of flexible policies to suit many traveller’s needs. Whether you’re embarking on a solo adventure, a family vacation, or a romantic getaway, our insurance plans can provide a helping hand so you can explore the world with ease. 

With our easy online quoting system, purchasing travel insurance has never been simpler. Just enter your trip details, choose the coverage that’s right for you, and voila – you’re ready to hit the skies with us. Plus, with our friendly customer support team and our 24/7 overseas Emergency Assistance team ready to assist, you can travel knowing you have access to help whenever you need it! 

But wait, there’s more!  

In addition to unbeatable airfare savings, Fast Cover is offering one of our favourite competitions yet – giving you a chance to WIN a $10,000 luxury trip to Bali^! 

Picture yourself lounging on breathtaking beaches, exploring lush jungles, and immersing yourself in Bali's vibrant culture. This can be possible thanks to Fast Cover Travel Insurance! 
 
How to Enter: 
- Get a quick quote.
- Email yourself the quote or purchase a policy. 
- Automatically be entered into the draw to WIN*! 

Don’t miss out on the travel experience of a lifetime. Visit fastcover.com.au today to get a quote and start packing for your dream getaway. With Fast Cover Travel Insurance, the world is yours to explore – so what are you waiting for? Book your trip, pack your bags, and get ready for the adventure of a lifetime! 

Start planning your dream Bali escape now. Good luck, adventurers!   

FAQ's

^ Ends 31/07/2024. To enter, get a quote on fastcover.com.au and email the quote to yourself, or get a quote via phone and provide your email address for the quote to be emailed to yourself or purchase any Fast Cover travel insurance policy, then you are automatically entered into our draw, Competition Terms and Conditions apply. Permit No: ACT TP 24/00981 and SA Licence No: T24/761. 

* See Product Disclosure Statement for full terms and conditions and exclusions and limits that apply. 

Any advice provided is general advice only and does not take into account your personal objectives, financial situation or needs. Consider the PDS at fastcover.com.au before deciding on which policy is right for you.