Premium travelers are enjoying sweet deals now as air fares in business class travel plummet 22 percent, local newspaper The Straits Times reported on Aug. 13.

From the April to June quarter, prices for business-class air tickets out of Singapore fell by 22 percent compared to three months before, said American Express (Amex), which regularly tracks air fares across the Asia-Pacific. Compared to the same period last year, prices were also down by 19 percent.

However, prices for economy-class fares remained stable, with a mere 2 percent fall quarter-on-quarter.

Overall, the Asia-Pacific fares have only risen by 1 percent in the second quarter over the previous quarter.

India and Japan were among some of the markets that saw a rebound in air-travel demand.

Apart from Singapore, travelers in China, New Zealand and Vietnam also benefited from the lower fares.