Travel
Below is one of the best explanations I have found regarding airfare pricing as set by the airlines.
Why do airfares fluctuate over time?
- Google Flight Search
Google offers the ultimate tool for looking up flights. Flight Search It is possible to sort all of elements listed below Listed are: StopsAnyNonstopUp to 1 stopUp to 2 stopsPriceAirline (includes alliances)*TimesOutbound timeDep.Arr.12am - 12amReturn...
- When Is The Best Time To Buy Airfare?
Researchers in the Department of Economics at Texas A&M University studied a historical archive of airline ticket purchases and found the best deals are on the weekend.Newswise— While folk wisdom has its place, the “folks” may not be so wise...
- Why Do Airfares Fluctuate So Drastically?
How airlines price their fares Dynamic Pricing in the Airline Industry A layman's definition of "dynamic pricing" Dynamic pricing — otherwise known as revenue management, progressive pricing or the computerized art of changing a ticket price over...
- Travelocity's Farewatcher Plussm
We are all well aware that airfare prices change day to day, minute by minute. Travelocity's FareWatcher PlusSM has been doing a terrific job of notifying me of price changes for airfares which are actually AVAILABLE. Sometimes other companies will...
- Delta Airlines Expands Service To Aruba
"Delta Airlines Expands Service to Aruba – La Guardia to Receive Additional Weekly Service in the Winter Season July 28th, 2010 Aruba Airport Authority N.V. (AAA) has received word from Delta Airlines that as of December 18, 2010 through April 30, 2011,...
Travel
Why Do Airfares Fluctuate?
Below is one of the best explanations I have found regarding airfare pricing as set by the airlines.
Why do airfares fluctuate over time?
"It's called yield management. The airlines have it down to an art form. The objective is to get the most amount of money they can from each flight.
At one time, the airlines sold all seats for the same price, but then decided that they could attract additional money by offering discounts for people willing to book far in advance. Those people tended to be people who didn't normally fly, so the airlines were able to attract additional passengers to their flights, along with additional revenue, without jeopardizing their base ridership.
The process has evolved to the point where the airlines know which days will attract more passengers, like the start and end of spring break, the Christmas holidays, and Thanksgiving. They price seats higher on those days. They also know the days when it will be harder to fill aircraft, like mid-week in February to Europe, when they will drop prices to attract additional traffic to fill their planes.
Their general strategy is to set an initial price, based on how many seats they expect to fill. They monitor how quickly the seats are selling, and adjust the price upward until they feel they will get the highest price they can on average, while still trying to fill the aircraft. Occasionally, they will raise the prices too quickly, and back off a bit as the date of the flight gets closer, but that doesn't happen very often. ...."
- Google Flight Search
Google offers the ultimate tool for looking up flights. Flight Search It is possible to sort all of elements listed below Listed are: StopsAnyNonstopUp to 1 stopUp to 2 stopsPriceAirline (includes alliances)*TimesOutbound timeDep.Arr.12am - 12amReturn...
- When Is The Best Time To Buy Airfare?
Researchers in the Department of Economics at Texas A&M University studied a historical archive of airline ticket purchases and found the best deals are on the weekend.Newswise— While folk wisdom has its place, the “folks” may not be so wise...
- Why Do Airfares Fluctuate So Drastically?
How airlines price their fares Dynamic Pricing in the Airline Industry A layman's definition of "dynamic pricing" Dynamic pricing — otherwise known as revenue management, progressive pricing or the computerized art of changing a ticket price over...
- Travelocity's Farewatcher Plussm
We are all well aware that airfare prices change day to day, minute by minute. Travelocity's FareWatcher PlusSM has been doing a terrific job of notifying me of price changes for airfares which are actually AVAILABLE. Sometimes other companies will...
- Delta Airlines Expands Service To Aruba
"Delta Airlines Expands Service to Aruba – La Guardia to Receive Additional Weekly Service in the Winter Season July 28th, 2010 Aruba Airport Authority N.V. (AAA) has received word from Delta Airlines that as of December 18, 2010 through April 30, 2011,...