Factors that influence the price of an air ticket

The wide range of prices found when buying a plane ticket makes this task daunting. What factors influence the price?

  • The cost of fuel has one of the biggest influences on tickets. As the price of crude oil rises, the costs of the airline also increase. Airlines that negotiate fuel purchases in the future can avoid sudden spikes and transfer savings to the customer.
  • A weak economy causes people to reduce non-essential travel. This encourages airlines to offer discounts to attract flyers. On the contrary, when business is going well and the planes are full of capacity, there is little incentive to offer cheap air tickets.
  • Airport taxes are another part of ticket prices. Airlines that use smaller airports save on fares.
  • The destination is a factor. Competition will greatly affect the price. An airline that enjoys a virtual monopoly for a given route can load practically what they want. Those that fly on international routes have strong competition from other countries and must keep prices in line with what they are offering.
  • Low-cost airlines can sometimes provide the cheapest airline tickets through a "no-frills" approach. This is more effective on short-haul domestic flights.
  • Timing plays a role. If the departure time approaches and a flight still has many empty seats, the airline can offer them with a substantial reduction. If flying on a particular day is not critical, it may be worth resisting until the last minute.
  • Buying a ticket can affect its cost. Travel agents get good deals from carriers, but they charge for their services. The Internet produces some business, but be careful with who you are dealing with. From time to time the airlines & # 39; their websites have non-advertised discounts.
  • Simple and old-fashioned greed. Air travel is a market-driven economy and airlines will charge the highest amount possible. Don't believe anyone. Do your research.

When buying cheap flights, keep in mind what you're actually comparing. An airline advertises a flight to an Asian destination, such as $ 800, while another gives a price of $ 1300. Reading the fine print shows that the "economic fare" has another $ 700 in hidden costs and surcharges, which means that it's actually $ 200 more than the all-inclusive rate.

There are many factors that influence the cost of an airline ticket. The way the courier handles these costs will determine the profits. Competition is the key, airlines that want your business more will offer the best deals. Careful shopping will help you find the cheapest flights.