Economic investigation : variations of the prices of flights

Résumé du document

By analyzing the graphs, some factors which influence the price of flights can be found:
- The distance: longer the distance between the departure airports from the arrival airports is, the greater the price of the ticket will be. This factor could be considered as logic because longer the distance is, the more oil the airplane uses, and more the company has to pay for it. So the customers will pay this difference in the cost of their ticket.
- Company: The choice of the company can have a significant impact on the price of the flight. Some companies are cheaper than others (Ryanair is cheaper than British airlines). This difference is due to a correlation between the quality of the services and the efforts made by the company itself to lower the prices. They often use small airports where taxes are less expensive than others in order to make the ticket cheaper. They also often offer a limited choice of destinations; this choice insures that the company fills in all its planes because it creates scarcity.
- Airport chosen: as I have already said, some airports are cheaper than others because they do not offer the same advantages as their rivals. They are often far from the city and trains and tubes do not often reach them.

Extraits

[...] Some destinations are scarce and others not. It is also logic, for example: it is Christmas holidays, people often want to go skiing and so it makes the flight scarce as everybody wants to go at the same place but, during Christmas holidays, destinations such as the coasts will not be scare because nobody wants to go to the beach when it freezes! Date chosen: The date is the most important aspect of the “price craft”. The earlier you book, the cheaper the price will be. [...]

[...] They often use small airports where taxes are less expensive than others in order to make the ticket cheaper. They also often offer a limited choice of destinations; this choice insures the company to fill in all the planes because it creates scarcity. Airport chosen: as I have already said, some airports are cheaper than others because they do not offer the same advantages as their rivals. They are often far from the city and trains and tubes do not often reach them. Destination chosen: the destination has an influence on the total price of the ticket. [...]

[...] Economic investigation : variations of the prices of flights Investigation on the variations of the price of the flight London-Brussels. (in Euros) We can notice that, in general, the departure time is 11h. Scarcity is normal, people want to have enough time to go to the airport without waking up early in the morning. The flight lasts only 1h30. So, if people arrive at 14h they do not have to rush at their arrival. The prices are low because the date doesn't fit with any holidays; the flight isn't scarce or appreciated. [...]

[...] Report: factors which have an influence on the price of flights By analyzing the graphics above, some factors can be found: The distance: longer the distance between the departure airports from the arrival airports is; more expensive the price of the ticket will be. This factor could be considered as logic because longer the distance is, more oil the airplane uses, and more the company has to pay for it. So the customers will pay this difference in the cost of their ticket. [...]