Dynamic pricing in airline industry: why flight fares constantly change

Looking for ways to maximize their profits, airlines can change prices for the same service class on the same flight multiple times within several days. To make this happen, airline revenue managers need to take hundreds of different factors into consideration. But there is a comprehensive strategy, serving as a foundation to this kind of dynamic pricing.

Watch our new video to find out:
• What are the different types of traveler behavior and how airlines cater to it?
• What are fare buckets?
• How supply and demand affect pricing?
• Can the price of an airline ticket drop closer to the departure date?
• What will be the future of flight tickets pricing?
To learn more about dynamic pricing check our article: https://www.altexsoft.com/blog/datascience/dynamic-pricing-explained-use-in-revenue-management-and-pricing-optimization/
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Music in video:
• Hackerland by Twin Musicom is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://www.twinmusicom.org/song/292/hackerland
Artist: http://www.twinmusicom.org
• Divertissement by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100256
Artist: http://incompetech.com/
• Happy Boy End Theme by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100648
Artist: http://incompetech.com/

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