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Factors affecting ticket prices

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The variety of price ranges encountered when purchasing air tickets is a daunting task. What factors affect prices?

  • Fuel costs have the biggest impact on air tickets. As crude oil prices rise, so does the cost of airlines. Airlines negotiating future fuel purchases can avoid sudden spikes and pass the savings on to customers.
  • The weak economy has led to fewer unnecessary trips. This encourages airlines to give discounts to attract pilots. Conversely, when business is good and the plane is fully loaded, there is little incentive to provide low-cost air tickets.
  • Airport charges are another part of the fare. Airlines that use smaller airports can save money.
  • Destination is a factor. Competition will greatly affect prices. Airlines that enjoy a virtual monopoly on a particular route can charge almost any fee they want. Those airlines that fly internationally have fierce competition with other countries and must keep prices in line with the prices offered.
  • Cheap airlines can sometimes offer the cheapest air tickets in a "succinct" way. This is most effective for domestic short-haul flights.
  • Time comes into play. If the departure time is approaching and there are still many empty seats on the flight, airlines may significantly reduce their seats. If flying on a particular day is not critical, you can stick to the last minute.
  • Where you buy your ticket may affect its cost. The travel agency bargains from the carrier but pays for its services. The internet brings some bargains, but be careful who you deal with. Sometimes there are undiscounted discounts on the airline's own website.
  • Simple, old-fashioned greed. Air travel is a market-driven economy, and airlines will charge as much as possible. Do not trust anyone. Do your own research.

When shopping for cheap flights, pay attention to the actual comparison. One airline advertises flights to Asian destinations for $ 800, while the other airline costs $ 1,300. Reading the details shows that the "special offer" has an additional $ 700 in hidden fees and surcharges, which is actually $ 200 more than the all-inclusive fare.

There are many factors that affect ticket prices. How the carrier manages these costs will determine its bottom line. Competition is key, and the airline that most hopes for your business will offer the best prices. Shopping carefully will help find the cheapest flight.

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