Aussies to cash in on cheaper fares to Europe

Aussies who are looking for the cheapest holidays may be increasingly drawn towards Europe, as the cost of flying to the continent fell in the last quarter.

The latest American Express Business Travel Monitor showed that at the same time, domestic flights between Australian destinations have increased in price by as much as five per cent.

Head of the Asia-Pacific region for the company Dr Carl Jones suggested that many airlines had lowered their fares to Europe because of the ongoing eurozone crisis, while the high cost of fuel has forced them to hike the cost of other trips.

The ongoing turmoil in the eurozone is unlikely to deter Aussie travellers though, as they realise that they can use their travel money cards more frequently because of the strength of the dollar against the struggling euro.

It remains to be seen if Aussie carriers will maintain this pricing structure throughout 2012, bearing in mind that many Aussies will be looking to fly to England for the Olympic Games in London.

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