Wendover Productions

How Airlines Price Flights

11 insights saved from this video by @business

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Airline prices reflect what customers are willing to pay. Those prices shape what customers end up paying.
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Air Canada cut historically expensive Newfoundland fares from over $600 to $89 after WestJet and CanJet entered.
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American Flight 33 sold the same economy seat at eight prices over three months, from $129 to $472.
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Fares below $204 required purchase more than two weeks ahead. The cheapest day-of fare was $472.
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Minimum-stay rules make some international round trips cheaper by screening out short-stay business travelers.
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Business travelers make Mondays, Thursdays, and Fridays pricier, while average fares fell to $182 Tuesdays and $173 Wednesdays.
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Canada’s Competition Bureau called Air Canada’s below-cost fares predatory pricing and forced the airline to stop.
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Tickets rise near departure as leisure travelers book early, business travelers book late, and flexibility carries a premium.
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Two routes can be equally long yet priced differently when competitive pressure differs.
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Buy late and you pay more: leisure travelers book early, while business travelers book closer to departure.
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Airlines sell rock-bottom fares on low-demand flights. The planes fly anyway, and empty seats threaten break-even.

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