Quote:
Originally Posted by cstreit
Pricing of tickets is adjusted daily and reflects a ton of different factors including fuel, crew, fees, but also demand and availability.
Airlines use sophisticated demand and market price shaping software to maximize revenue per seat. I know some of the PhD's that designed the algorithms. ...no I don't have a back-door.
For example, as available seats go down, price goes up. They try and set the price just high enough so that they will fill every seat.
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Some other factors are the origin, destination, round-trip or one-way, etc...
In Bloomington, I can get a dirt cheap flight booking as close a week out. At O'Hare, it's more like 30-60 days.