Qantas leveraged to premium travel improvements, discount fares under pressure
Australian domestic Business Class fares reached their highest levels in 11 months in Feb-2010, according to the Bureau of Infrastructure, Transport & Regional Economics fare survey. The index of real Business Class fares (July 2003 = 100) rose to 104.0 in Feb-2010 to the highest level since Mar-2009 (104.7), reflecting increasing in economic activity and recovering corporate travel.
