Finding cheap airline tickets can be one of the most frustrating experiences that most of us learn very quickly. Of course, most people eventually give up after spending hours scanning websites that offer virtually the same flight schedules and pricing. People purchase what they believe is the cheapest plane ticket, only to find their neighbor paid just a third of what they did!
Unless you understand the concept of of how airlines set prices, all the searching in the world won’t provide the cheapest airline ticket prices. The following information will give you a guide to follow, as you wander through the maze searching for cheap airfare.
Understand how prices are set by airlines! Ticket pricing is complex and unpredictable, and driven by competition, demand, and inventory. Airlines call this “yield management.”
Competition is the beast behind the ch eapest plane tickets. All major airlines utilize central reservation systems (owned by various airlines) to fill available seats. The systems are known as Apollo, Sabre, Worldspan and Galileo. Prices are based on demand, and if some flights are selling well, the price will increase. If the flight is unpopular and has very little demand, the fare is lowered in hope of attracting consumers. In short, fares and inventory change every minute of every day!
Finding the cheapest plane tickets is difficult because travel agents and Internet websites use the central reservation systems that are updated periodically throughout the day. The reason why different searches come up with different results is because the systems are not updated at the same times. And, each system may use different algorithms when searching for low airfare tickets, which can provide a variety of ticket prices.
Demand drives fare prices up or down, and explains why it’s usually cheaper to fly on weekdays, late nights, or non-holidays.
Ticket pricing is based on competition. And, to complicate matters if one airline drops rates by 20 percent, most airlines will drop their rates as well. This eliminates a discounter’s (cheap airfare) competitive edge.
Inventory is another advantage used by airlines like Paramount air tickets and SpiceJet ticket booking to entice potential fliers. Airlines designate seats into price ranges on flights to offer cheap airfare. Of course, people hoping to secure the cheapest plane tickets are attracted to these advertisements. But, most often, by the time you place the call to the airline, the seats are gone.
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