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Hello, I am looking for someone to write an article on Airline Ticket Price Fluctuations and Revenue Management Strategies. It needs to be at least 1750 words.
Hello, I am looking for someone to write an article on Airline Ticket Price Fluctuations and Revenue Management Strategies. It needs to be at least 1750 words. Specific flights of each of the airlines are selected for keeping the consistency of the data intact. The above-stated airlines were selected because these are the most famous airlines in Europe and the collection of data was easy. Visiting the aviation offices of the airlines at the airport accessed the fare rates and some data was obtained from the Internet.
For the comparison, British Airway Outbound flight number BA0117 (business class), Virgin Atlantic flight number VS003 (business class), British Airways flight number BA0304 (Mixed), Air France flight number AF1081 (mixed), British Airways flight number BA2706 (Leisure), Monarch flight number ZB278 (Leisure), EasyJet flight number EZY8573 (Leisure) were considered. The destinations for Business class were LHR (London, Heathrow) to JFK (New York), LHR (London) to CDG (Paris) and LGW (London Gatwick) to BCN (Barcelona).
It was found that in some flights the fare of the flight was different in different locations. The rate for the same fight when booked from New York was different compare to the rate of flight when booked from London. The website showed a change in reported fares that caused problems in data collection.
Initially, the data for business class flights one of British Airways and other from Virgin Atlantics leaving from LHR to JFK will be analyzed. The British Airways flight BA0117 flies from London Heathrow Airport at 8:20 a.m. It is found that the initial fare of the flight from British Airways was £1,627.00 on October 22, 2014, the price got decreased up to 60% on 24th October then on 25th October the fare again lifted to £1626.86. There was no apparent change in prices until 14th November. On 15th November, the price increased to £70. Till the end of November the price remained the same. From December 3rd there was a considerable increase in price that is £841. The new price was £2468.06 that remained almost the same till December 8th.
