Factors affecting the price of an airline ticket

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

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  • Fuel cost has one of the biggest impacts on charts. As the price of oil rises, so do the costs of the airline. Airlines that negotiate fuel purchases in the future can avoid sudden jumps and pass on savings to the customer.
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  • A weak economy causes people to reduce unimportant travel. This encourages airlines to give discounts for return flyers. Conversely, when the business is good and the planes are fully filled, there is little incentive to offer cheap plane tickets.
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  • Airport charges are another part of ticket prices. Airlines that use smaller airports save on fees.
  • Destination is a factor. Competition will greatly affect the price. An airline that enjoys a virtual monopoly for a particular route can charge pretty much what they want. Those who fly international routes have strong competition from other countries and have to keep prices in line with what they offer.
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  • Cheap airlines can sometimes provide the cheapest airline tickets through a “effortless” approach. This is most effective on domestic short-haul flights.
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  • Time plays a role. If the departure time is approaching and the flight still has a lot of empty seats, the airline can offer them with a significant reduction. If flying on a particular day is not critical, it may be worth enduring until the last minute.
  • Where a ticket is purchased can affect its cost. Travel agents get good prices from carriers but charge for their services. The internet brings some deals, but be careful who you deal with. Occasionally the airlines ’own websites have unadvertised discounts.
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  • Ordinary, old-fashioned greed. Air travel is a market-driven economy and airlines will charge as much as they can escape. Don’t trust anyone. Explore for yourself.

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When buying cheap flights, be aware of what you are actually comparing. One airline advertises a flight to an Asian destination as $ 800, while another gives a price of $ 1,300. A reading of the small print shows that the “cheap price” has an additional $ 700 of hidden fees and surcharges, which means it’s actually $ 200 more than the comprehensive price.
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There are many factors that affect the price of an airline ticket. How well the carrier will manage these costs will determine their end result. Competition is key, the airlines that most want your business to offer the best deals. Careful shopping will help you find the cheapest flights.
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