Ever wondered what makes up the price of an airline ticket? It is not exactly rocket science though it becomes pretty difficult to understand the nuances of fluctuations. Airlines are one of the hottest services industry. So what causes these changes? We are about to explain.
So, the cost of a plane ticket consists of the airline fee and a bunch of different taxes. The airline fee is defined by the policy of an airline company, the distance a certain flight is going to cover, the time of the year, and the reservation class. The taxes include the cost of fuel, labor, aircraft and non-aircraft rentals and ownership, aircraft maintenance, non-employee labor, insurance, and a long list of some other expenses. Therefore, if the cost of the aircraft rental increases, the price of a plane ticket is raised accordingly, and the aircraft rental is only one component, imagine what happens when everything gets more expensive.
The first thing you should know is that ticket prices can never be constant. They vary depending on the season, the demand for a certain flight, and a bunch of other factors that have impact on the price policy of an airline company.
Here are a few more things you may want to know about airfare rates. Airline tickets are often very affordable after big holidays and summer vacations. You stand a very good chance of buying very cheap business class plane tickets during this time, because airline companies desperately need to fill all those empty seats.
You will never find a special offer or a discount on Friday and Sunday night flights, as they are always the busiest ones in a week. Naturally, a lot of people want to go traveling or fly home for the weekend and then be back for work on Monday morning.
The cost of night flights is always higher than the cost of early morning flights. The flights during holiday periods are always more pricy than those that happen on regular days.
The airline company and the flight destination are not the only two things that define airfare rates. The class of the reservation can change an affordable trip into a super-expensive luxurious experience in one click. Needless to say that with all the comfort and luxury that come with them, first and business class tickets are usually ridiculously expensive. But it’s not just the huge seats and restaurant-quality meals you are paying for. First and business class tickets offer flexible terms in case you need to change or cancel your reservation. Getting an economy class ticket, you are a lot more limited. Very often coach seats are non-exchangeable and non-refundable. Sometimes you can get some money back, as a part of a ticket price is made up from the cost of the services you are not going to use, like food and entertainment.
Choose your air tickets carefully and pay only for the best offers possible. Fly safe!