Top Factors That Determine Flight Ticket Prices

Primarily, distance plays a pivotal role in determining the flight ticket prices. Depending on the distance that you wish to travel, the flight ticket rates also vary. The farther the distance, the more the travel time, the more expensive the flight ticket price is. It is considered to be almost in direct relation with the pricing system of flight tickets. Although it is not a deciding factor to affect the ticket rates, it certainly does play a role in impacting the flight ticket prices. Basically, distance is an important factor that affects the flight ticket rates, it is not wholly the deciding factor as there are other possibilities that could bring about a change in the ticket pricing system. You would be surprised to find some cheap flight ticket prices for a long haul flight.

Second most important factor that determines the flight ticket rates is seasonality. Certain places in the world are known to be populated by tourists during a specific time of the year. Depending on the peak season, the prices of the flight tickets also see a drastic spike. For example, if you are planning to visit Goa between October to January, you will notice a tremendous spike in the flight ticket prices. This is because between October to February is peak season for Goa and sees an incredible throng of tourists. Similarly, depending on whether it is holiday season such as summer vacations or Christmas holidays, there are many travellers who wish to whisk their family to some lovely vacation spot. Flight ticket prices use the holiday season as an opportunity to demand exceptional flight ticket rates as the demand is high. Hence, it does play an important role in determining the flight ticket prices.

Is it going to be an early morning flight or a late-night flight? The time of the flight also leads to fluctuations in the flight ticket prices. In case you pick flights that fly during off-hours, you are bound to receive some ticket price perks. Similarly, your booking time also matters. For example, if you are planning a vacation and decide to book the flight tickets about three to four months in advance, you will meet with comparatively lower ticket rates. However, if you try to book a flight a week or two ahead of your speculated journey, the flight ticket rates would be exorbitant. Further, whether you are planning to travel on a non-holiday season or book for the next peak season during an off season can also be beneficial to your pockets. The timing plays an important role in receiving the best benefits of flight ticket prices. It would be best to calculate the timing before you sit to book your flight tickets.

Flight travel type basically translates to the type of journey that you will be indulging in following a ticket purchase. Travel type determines if you get a direct flight with a less travel time or if you get an indirect flight that has a longer flight duration with less ticket rate. Further, depending on the number of halts that the flight takes before reaching the final destination, the ticket prices alter accordingly. The big concern with such flight types is that you will need to compromise with the duration of the flight. However, if you do not mind spending extra hours on the journey to save some bucks for indulgences, you can pick the perfect flight choices accordingly.

Competition is key when it comes to fluctuations in the flight ticket prices. Since there is no monopoly in the aviation industry and many players have their own pricing system to compete with their contemporaries, you will notice that they will come up with interesting offers and discounts to help their business. Not just the flight service providers but even the airlines have their own flight deals, especially for loyal customers. You will notice that specific places that are restricted to only a handful of airlines or flights flying will see a surge in the flight ticket prices. However, compare the same with big cities where a majority of airlines function and you will see a competing price which would be in the lines of other airlines and flight ticket service providers. Similarly, the airline's popularity will also determine the flight ticket prices. For example, IndiGo is popular for its plethora of flight provision as well as the cheap and affordable rates.

Hence, before booking a flight ticket, it is essential that you first peruse through these pointers and accordingly find the right time and opportunity to book flight tickets. This will enable you to receive the best deals and also get you discounts or offers depending on your luck. Take time to analyse how the timing, the popularity and the other aforementioned factors before finding the ideal pocket friendly flight tickets!

For Flights, Hotel Booking, Shopping, and other lifestyle needs, download the InterMiles App on Google PlayStore and iTunes