The new lost cost airline Tiger Airways has made an impact on the Australian flight ticket prices before they have even commenced services in Australia.

Following the announcement of low cost airfares from Tiger Airways, fellow budget airline Jetstar announced discounted ticket prices for Gold Coast to Melbourne flights next February. The tickets went on sale for the amazing price of $1.

Tiger Airways had earlier announced that a one-way ticket from Melbourne to the Gold Coast will cost $49.95, with the other routes costing $59.95. Tiger Airways is a subsidiary of Singapore Airlines.

The increased competition in the Australian market will be good news for people looking for cheap flights.