Download
1 / 6
60 likes | 66 Views
While flying, all of us have complained at one time or another about the high airport ticket prices. Most times, they are so expensive that airline tickets make up for half of the overall trip costs. These prices fluctuate too much and are typically set high. For those wondering why, here are the crucial factors that influence ticket prices.
E N D
While flying, all of us have complained at one time or another about the high airport ticket prices. Most times, they are so expensive that airline tickets make up for half of the overall trip costs. These prices fluctuate too much and are typically set high. For those wondering why, here are the crucial factors that influence ticket prices. Read ahead!
Seasons: One factor that shouldn’t surprise anyone is the season. Seasonality has an important role and a huge impact on ticket prices. Typically, airlines set flight ticket prices high in seasons when more people will be travelling, like during the holidays. The reasoning behind this is simple that is demand. Charging a high price during the high-demand season is natural. It allows airlines to make a maximum profit based on the limited availability of seats. Thus, you must be ready to pay a hefty amount if you plan on travelling around New Year’s, spring break, or summer vacation. Oil Prices: Since airlines have to adjust prices according to the expenses incurred, fuel is one of the primary factors affecting ticket prices. When geopolitical events, wars, or economic conditions change, oil prices surge.
Distance covered: When flying long distances, you will end up paying more. Of course, this has to do with more oil consumption, but it is more than that. More distance covered also results in more payment to the crew, increased overflight fees, and extra food and drinks onboard. Business travellers: Flying in first or business class is cool and factors in determining airport ticketprices. Business travellers affect air travel even when they fly premium economy instead of business class. It is so because they are the ones purchasing tickets for higher booking classes. Since business travellers have to reach a specific destination on a specific date, and usually on a specific airline, they are far less sensitive to prices. While leisure travellers do not share these qualities, they have to suffer from the consequences when travelling from business-heavy routes
Timing of flight: Airlines determine their prices very specifically, even factoring in the day and time of the flight. While you may not consider the day of the trip vital, it is one of the important considerations. Typically, mid-week flights on Tuesdays, Wednesdays, and Thursdays, along with those on Saturdays, are the cheapest. As for the time, most airlines have cheap airport tickets for flights that take off late in the night or during the wee hours of the morning. Since most people do not prefer flying out at these hours, the demand is typically low. Timing of purchase: If you book the tickets only a short time before the journey, you are bound to pay more. But, booking too early is also not ideal, as the airlines take advantage of the serial planners. Your best bet is to book tickets three to five months in advance when the airlines are filling seats before it is too late. While travelling is fun, paying for expensive tickets might not be. Thus, understanding what factors influence flight ticket prices and taking these factors into account when booking the tickets is essential for a cheap and happy journey.
