Factors affecting the price of an airline ticket

The wide range of prices you encounter when shopping for a flight ticket, makes this a daunting task. What factors influence the price?

  • The cost of fuel has the biggest effect on tickets. The higher the price of crude oil, the greater the airline's costs. Airlines that are negotiating fuel purchases in the future can avoid the sudden spike and pass the savings over to the customer.
  • Weak economy causes people to cut down on unnecessary travel. This encourages airlines to give discounts to attract flyers again. On the contrary, when the business is good, and the planes are filled with capacity, there is little incentive to offer low-priced airline tickets.
  • Airport fees are another part of ticket prices. Airlines that use smaller airports provide fees.
  • Destination factor. Competition will greatly affect the price. An airline with virtual monopoly over a particular route can ship substantially what it wants. These international airlines are very competitive by other countries, and they should keep the prices in line with what they offer.
  • Economy airlines can sometimes provide the cheapest air tickets with a "no frills" approach. This is most effective for short-haul domestic flights.
  • Timing plays a role. If the departure time is approaching, and the flight still contains lots of empty seats, the airline may offer them at a significant discount. If flying on a particular day is not so important, it may be worth waiting until the last minute.
  • Where the ticket is purchased can affect its cost. Travel agents get deals from transport companies, but for their services. The internet produces some deals, but be careful with whom you do business. Sometimes, private airline sites contain unannounced discounts.
  • Old normal greed. Air travel is a market driven economy, and airlines will charge you as much as you can. Do not believe anyone. Do your own research.

When shopping for cheap flights, be aware of what you are already comparing. One airline announces a flight to an Asian destination, at $ 800, while another company offers $ 1,300. An accurate print reading shows that "cheap fare" has another $ 700 in hidden fees and surcharges, which means that they are in fact more than $ 200 in total fare.

There are many factors that affect the cost of a plane ticket. How well the carrier will manage these costs will determine its net profit. Competition is the key, and the airlines that want to do your business will best offer the best deals. Careful shopping will help find the cheapest flights.

Source by Ian J Stevenson