How Cheap Airline Tickets Prices Are Decided | Monal Travels

Posted by albert jackson on June 25th, 2021

If you are already thinking about the next holidays, surely you are already thinking about how to pay for the plane ticket as little as possible. And so you're asking yourself the question you've already asked yourself a billion times, we've all asked yourself a billion times: But how the heck are flight prices set? No, because, for the same route, one day they are low, the next day high (and there is), then they go down again. If you change time or day then the confusion increases, and we do not talk about when we go to look at two routes that are equivalent to the eye, but which instead offer Cheap Airline Tickets one at double the price of the other.
It seems chaos, a system governed by chance, but obviously, it is not: companies have very specific strategies, and pricing - or the determination of the ultimate price of an asset taking into account a series of internal and external factors - is a science. To reveal the secrets of this science, the YouTube channel Wendover Productions has published a video in which, taking the New York-Los Angeles route as an example, some mechanisms are explained to orient oneself in this mysterious world.
Here is a brief summary of the main rules, useful for finding cheaper tickets.
Flight costs increase during the summer when people want to travel.
Instead, they drop on Tuesdays and Wednesdays, the central days of the week, which are those with the lowest demand.
If looking for a flight and browsing between various companies you notice that all seem to be aligned on the same price, it is no coincidence: it is called price-matching and it is done because the customer chooses on the basis of the trust he has in the company.
The price of oil affects the ticket.
The punctuality of the flights of the company in question is another element that matters.
Many fares increase as the time of the flight approaches, regardless of the decrease in available seats: this means that even if the plane continues to be half empty, the price can be higher if you buy the ticket later.