airlines pricing strategies

Airlines use dynamic pricing strategies that adjust ticket prices based on demand, timing, and competition. Prices are typically lower when you book early or during off-peak times, and increase as the departure date nears or if the flight is in high demand. Airlines also segment customers by offering different fare classes, add-ons, and optional services, maximizing revenue from various travelers. They analyze booking patterns and use algorithms to optimize prices dynamically, encouraging early purchases and balancing inventory between budget and premium options. Overall, their goal is to sell the right seat to the right customer at the right price.