Factors Affecting Flight Ticket Price

A wide range of prices encountered when buying a plane ticket, make it a daunting task. What factors affect price?

  • Fuel cost is one of the biggest influences on tickets. As crude oil prices rise, so does the cost of aviation. Airlines that negotiate the purchase of fuel well into the future can prevent sudden spikes, and pass the savings to the customer.
  • The weak economy makes people cut back on non-essential travel. This encourages airlines to give discounts and lure flyers back. Conversely, when the business is good, and the planes are filled up to capacity, there is little incentive to offer air tickets at a low price.
  • Airport fees are another part of ticket prices. Airlines use small airports to keep commissions.
  • Target is a factor. Competition will greatly affect the price. An airline enjoys a virtual monopoly for a particular route and can charge pretty much what they want. These international flying routes have tough competition from other countries, and have to keep prices in line with what they offer.
  • Budget airlines can sometimes provide the cheapest flight tickets through a "no frills" approach. This is the most effective in short domestic flights.
  • Timing plays a role. If departure time is approaching, flight still has a lot of empty seats, the airline may offer them a significant drop. If the flight on a particular day is not critical, it may be worth holding out until the last minute.
  • Where the purchased card can affect its cost. Travel agents accept bargains from operators, but charge for their services. The Internet produces some bargains, but be careful with who you are dealing with. Occasionally airline websites have unarvertised discounts.
  • Plain, obsolete greed. Flight is a preventative market economy, and airlines will charge money as much as they can get away with. Do not believe anyone. Do your research.

When shopping for cheap flights, be aware of what you are actually comparing. One airline advertises a flight to an Asian destination, such as $ 800, while another gives a price of $ 1,300. Reading the fine print shows that the "cheap price" has another $ 700 in hidden fees and surcharges, which means that it is actually $ 200 more than the total fare includes.

There are many factors that affect the cost of a plane ticket. How much the vendor will manage these costs will determine the bottom line. Competition is the key, and airlines that most want your business will offer the best deals. Careful shopping will help you find the cheapest flights.

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