The cost of air travel has fallen sharply over time
Record numbers of Aussies are planning to take a holiday in a foreign country this year and it is not hard to see why. According to bosses at Qantas, air travel has never been cheaper and tourists can now get to far-flung destinations for relatively small amounts of cash. This, coupled with the strong Aussie dollar, has meant that people from down under can afford to buy more overseas travel money to spend during their vacation. Chief executive at the airline Alan Joyce said the cost of an airfare has fallen sharply in the last 70 years, as carriers have created new planes that are more cost-effective to run. He told the Australian Associated Press that an average worker can now buy a ticket to London for just one week's wages, whereas somebody who wanted to make the same journey in 1960 would have to save up for 20 weeks. Mr Joyce added that many Aussies are also taking advantage of the deals offered by budget airlines like Jetstar. Have a question about travel money? Ask the money gurus at Mozo Answers.