I saw at the SIngapore Airline website and I saw this ticket for a adult cost $790 for 29 Feb 2007 and for Nov 2007 onwards it cost $2500.......... why
The tickets where not in for any promotion...........
2007-01-03 21:47:03 · 5 answers · asked by engchunh 1 in Travel ➔ Air Travel
Airlines and Hotels use a pricing technique called Revenue or Yield Management. Revenue Management is an economic technique to calculate the best pricing policy for optimizing profits.
Airlines monitor through the use of specialized software how seats are being reserved and react accordingly, as for example by offering discounts when it appears as if seats will otherwise be vacant. Hotels use Revenue Management in largely the same way, to calculate the rates, rooms and restrictions on sales in order to best maximize the return for the property.
2007-01-03 23:05:30 · answer #1 · answered by Ships Ahoy 3 · 1⤊ 0⤋
Airlines are not regulated and can charge you whatever they can get the traveling public to pay, that's why. You could probably hire a private jet for as much. Plus, Homeland Security has made international business for U.S. companies and citizens much tougher and so they pass that hassle down to the consumer. From Nov on it's prime time with holidays and they drive the prices up. I would fly Quantas or try BA or an airline that isn't so limited in its routes as Singapore's airlines. Or go through a travel group and shop for your ticket.
2007-01-04 05:51:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There are seasonal differences in fares. November must be peak demand for travel to Singapore while demand is lower in February (and it had to have been the 28th, not the 29th, as there is no February 29th this year). When demand is up, airlines raise the prices. When demand is historically very low, like when the destination is in rainy season or winter and tourists don't want to visit, airlines cut prices drastically.
The plane is going to fly no matter how many people are on it. The airlines are hoping to attract people who would not otherwise travel by setting prices low, so that their planes are not flying empty.
2007-01-04 09:28:31 · answer #3 · answered by dcgirl 7 · 0⤊ 0⤋
because it is in season because when more people want to fly they jack up the prices so they get a profit when people dont want to fly they bring down the cost so people are like wow the cost is low lets go to this place
2007-01-04 11:27:18 · answer #4 · answered by soccerknocker199 4 · 0⤊ 0⤋
Its called 'greed'.
2007-01-04 14:11:05 · answer #5 · answered by alienaviator 4 · 0⤊ 0⤋