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A general question about airline ticket prices
I have noticed on an airline web site that flights to a certain
location for Jan. 1 have increased two times in the past two weeks. Does this mean that demand is high for that flight and the airline is trying to squeeze every bit of profit they can by raising the price until the last seat is sold or could something else be going on? |
#2
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A general question about airline ticket prices
"stonej" wrote in message ... I have noticed on an airline web site that flights to a certain location for Jan. 1 have increased two times in the past two weeks. Does this mean that demand is high for that flight and the airline is trying to squeeze every bit of profit they can by raising the price until the last seat is sold or could something else be going on? It's called yield management. In its simplest form:. The first e.g. 50 seats on the plane sell for one price. The next 50 seats sell for a higher price. The next 50 seats sell for an even higher price The last 50 seats on the plane sell for an extortionate price. If the price has gone up twice it means that 100 seats have now been sold and you are the guy whose going to have to pay the even higher price because you waited too long to buy. tim |
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A general question about airline ticket prices
Thanks, I figured it was probably something like that going on, I
really wasen't planning on taking that particular flight but just wondered what kind of game they were playing overall. |
#4
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A general question about airline ticket prices
"tim...." wrote in message ... "stonej" wrote in message ... I have noticed on an airline web site that flights to a certain location for Jan. 1 have increased two times in the past two weeks. Does this mean that demand is high for that flight and the airline is trying to squeeze every bit of profit they can by raising the price until the last seat is sold or could something else be going on? It's called yield management. In its simplest form:. The first e.g. 50 seats on the plane sell for one price. The next 50 seats sell for a higher price. The next 50 seats sell for an even higher price The last 50 seats on the plane sell for an extortionate price. If the price has gone up twice it means that 100 seats have now been sold and you are the guy whose going to have to pay the even higher price because you waited too long to buy. tim Funny story about that ( now it's funny) Every year 5 of us go fishing in FLA Keys. We watch for sales. A few years ago I was checking and -bingo- FLA tickets on sale for $159 r/t. I send emails to confirm - "these dates OK ?". Within 15 minutes they all replied - "good for me, let's do it". I go to buy it and it's gonna be $229 ??!! I send another email about the price jump: they already bought and they each got $159 price. SO I did the homework and THEY got the last of the cheap seats on that flight and MY ticket price jumped up! Since they each saved $70+tax , I got free meals for the weekend. The lesson : when you see the price - don't wait. |
#5
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A general question about airline ticket prices
- Bobb - wrote:
Funny story about that ( now it's funny) Every year 5 of us go fishing in FLA Keys. We watch for sales. A few years ago I was checking and -bingo- FLA tickets on sale for $159 r/t. I send emails to confirm - "these dates OK ?". Within 15 minutes they all replied - "good for me, let's do it". I go to buy it and it's gonna be $229 ??!! I send another email about the price jump: they already bought and they each got $159 price. SO I did the homework and THEY got the last of the cheap seats on that flight and MY ticket price jumped up! Since they each saved $70+tax , I got free meals for the weekend. The lesson : when you see the price - don't wait. Back in 2002 we were invited to a wedding in Colorado. My wife called about plane tickets from Buffalo to Denver departing Sept.12 and was told they would cost $415. The next morning I talked to my boss to book the time off and called her to tell her to get the tickets. They had jumped to $570, and she was told that prices vary from day to day. Nuts to that, we would keep calling back and if the prices fell we would get them, if not, we wouldn't bother going. After a few weeks of frequent calls we thought about leaving Sept.11, the first anniversary of the 9/11 attacks. .... $415. |
#6
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A general question about airline ticket prices
On Jul 18, 4:48*pm, stonej wrote:
I have noticed on an airline web site that flights to a certain location for Jan. 1 have increased two times in the past two weeks. * Does this mean that demand is high for that flight and the airline is trying to squeeze every bit of profit they can by raising the price until the last seat is sold or could something else be going on? Try my site.. It will save you some money: Book Here and Save : http://2travelwithme.rovia.com/rovia/home Save More When you become a member: http://www.2travelwithme.worldventures.biz/ Michael Mccrary 817-692-6467 |
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