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Pricing Technique in Airlines

A research on airline pricing has revealed that flight carriers adopt a pricing system which is far different from the conventional dynamic pricing. Seats are priced over a time series before a flight's departure,not by the number of seats available at a time. Ticket prices have the probability to be the cheapest 5-7 weeks prior to the departure. Flight companies always want to ensure full capacity takeoffs. So the 'seat bucket' at lower prices increase when they perceive that sale is not up to the mark. Moreover,there is a 'seat bucket' for a particular price. Ten days before departure,price to decrease has the least probability. Hence a customer who waits last-minute discounts might fail to absorb his intended benefits.Read more at:



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Monday, 16 September 2019
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