Tag: Revenue Management

What Individual Fare Pricing Means to Travel Agents | Travel Market Report

What Individual Fare Pricing Means to Travel Agents | Travel Market Report

The travel industry continues to talk about the advent of the IATA New Distribution Capability (NDC) and the concept of “dynamic pricing,” defined as the ability to price an airline service based on the known characteristics of the consumer seeking the service. Sometimes the “conversation” conflates NDC with artificial intelligence (AI) and excitedly predicts the […]

Airlines yet to remove dynamic pricing on tickets for city passengers | Times of India

Airlines yet to remove dynamic pricing on tickets for city passengers | Times of India

“Since the airlines are not allowed to operate on full passenger capacity due to load penalty, they had this dynamic pricing system. Passengers booking at the last moment will have to cough up more fare than the actual one. We request the airlines to remove the dynamic pricing system as load penalty is over at […]

Can You Guess Which US Airline Is the Worst? | MoneyWise

Can You Guess Which US Airline Is the Worst? | MoneyWise

Each day, tens of thousands of commercial flights crisscross America’s skies, and passengers on board those planes can have vastly different flying experiences. The seats can be relatively roomy and comfortable — or cramped and feel like you’re sitting on upholstered cement. You might pay one fairly inclusive price, or find your low fare comes […]

Consumer Catch-up: Southwest ticket sales, Tesla refunds, computer car parts | abc7news.com

Consumer Catch-up: Southwest ticket sales, Tesla refunds, computer car parts | abc7news.com

Customers want Model 3 refunds When Tesla announced its lower priced Model 3, hundreds of thousands of pre-orders flooded in. Now many consumers are asking for their money back. A third party look at the pre-orders shows 23 percent have been refunded. The company told the website Recode that number is incorrect, but doesn’t say […]

American Airlines warns of fare increases if oil remains high | Reuters

American Airlines warns of fare increases if oil remains high | Reuters

SYDNEY (Reuters) – American Airlines <AAL.O> warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. “If it becomes clear this […]

Lufthansa Cleared in Airfare Price Increase Investigation | AirlineGeeks.com

Lufthansa Cleared in Airfare Price Increase Investigation | AirlineGeeks.com

The allegations indicated that Lufthansa increased the price of tickets on domestic routes and was able to do so because of a lack of competition. A case was opened with the German government that led to an investigation of the airline. Throughout the government’s investigation, 412 flights were analyzed on 13 routes for a period […]

New review of airline service by U.S. fliers holds surprises | WRAL.com

New review of airline service by U.S. fliers holds surprises | WRAL.com

The survey found that Spirit and Frontier received low marks across the board, including for flight status updates, wireless service on the plane and food selection. The airlines that led the way for economy seats were: Southwest, Alaska, JetBlue, Virgin America and Hawaiian. “Southwest really stood out, especially for their price transparency,” Blanco said. “They […]

Why using customer wealth data is a tricky business | EyeforTravel

Why using customer wealth data is a tricky business | EyeforTravel

A recent Travel Weekly article suggested that travel suppliers could productively use customers’ personal wealth data to ‘price dynamically’. Most readers assumed the worst: travel suppliers could use individual financial information to exploit less price sensitive customers by extracting higher prices from wealthy customers. ‘Deals’ would only apply to customers who might not be able […]

Airlines will collapse because of rising oil prices, Ryanair CEO says | Business Insider

Airlines will collapse because of rising oil prices, Ryanair CEO says | Business Insider

“Some of those loss-making airlines who couldn’t make money when oil was at $40 a barrel certainly can’t survive this winter with oil at $80 a barrel.” O’Leary did not specify any particular airlines he thinks are at risk. Oil passed above the $80 per barrel mark last week, as a continuing squeeze by the […]

Thomas Cook’s Personalization Ploy Is Paying Off | Skift

Thomas Cook’s Personalization Ploy Is Paying Off | Skift

Putting a price on something that customers previously got for free has become a key part of the airline business model and it seems other parts of the travel industry are catching on. European tour operator Thomas Cook says in its UK market it now makes an additional $13.50 (£10) per person in sales of […]