There are extremely high chances that you were charged a different price compared to your co-passenger when flying. That’s because the price of air tickets can differ based on many factors. Mentioned here are some criteria, based on which the air ticket fares are decided. Keep reading.
An average domestic flight can show varying prices for the same flight and same date and time of travel. It is because there are many factors at play that decide the price of a flight. Let us look at 5 of the most important factors below.
- Type of Airline You Choose
You can choose a low-cost carrier or a full-service carrier while flying, with low-cost airlines being usually cheaper than their full-service counterparts. This is because full-service flights include many services for their passengers included in the ticket price such as complimentary meals and beverages, better legroom, in-flight entertainment, and even higher baggage allowance. Whereas you have to pay additionally to avail of these services while booking a low-cost carrier flight. Thus, it is essential to compare the overall cost of flying rather than just looking at the ticket price while purchasing.
- Price of Jet Fuel
The price of crude oil is directly proportional to the cost of a flight. This is because flights use up to 3-5 litres of fuel every second depending on the plane you choose. With crude oil being a highly volatile commodity, it can impact the flight fare greatly. While this factor is out of your control, choosing a larger flight such as the airbus can reduce the impact as the fuel cost is distributed among a larger number of passengers.
- Flight Demand & Supply
Often you will notice the price of a flight ticket to be very high during a few months or days in a year. This is mostly due to an increase in demand for the flight. Flight demands usually increase during the peak travel season or the holiday season. You can expect the fares to go up during
- Festivals such as Holi, Diwali, Christmas, etc.
- Long Weekends
- Peak travel season such as winters in Goa or summers in the hills.
While the fare will depend on the demand, it also depends on the supply. This could be measured by the number of flights on a route. For instance, flights on a popular route can often cost you lesser than flights on odd routes for the same flying distance. Thus, flying during the off-season or on routes with more flight options can reduce the impact of demand and supply on the prices.
- Time Of Purchase
Flight fares can vary substantially based on how early or late you book your flight. Typically, flight tickets are most expensive when bought 1-14 days from the flight departure date and cheapest when bought 1-2 months in advance. Book in advance to get the best flights.
- Distance Covered By the Flight
Distance covered by a flight is usually in direct proportion to its price. Hence a long-haul flight is often costlier than a short-haul flight. For instance, Pune to Bangalore distance by flight is less than the flight distance between Lucknow and Delhi, and hence, may cost you more. While distance is not the only criteria, it does contribute significantly to your flight fare.
While these are some of the most important factors, a few others such as discounts, offers, miles in your account can also bring down your flight cost. Make sure you check the flight options for your desired destination and book one that is low in prices and high on convenience.