Flight prices

kingbuxton13

Obviously with the Thomas Cook situation, airlines are rubbing their hands together and hiking the prices (3 increases for my particular flight in the last 24 hours.)


I was looking at going to Peutro Rico (Gran Canaria) Saturday 14th for 4 nights. This flight was originally £56 but has fluctuated. It was around £60 on Sunday but it has shot up to £120.


Do we think these prices will come back down at any point, in particular for my flight. Is it a short term increase and will it all calm down?

cubegame

Google "yield management"

Caz3121

kingbuxton13 wrote: »

This flight was originally £56 but has fluctuated. It was around £60 on Sunday but it has shot up to £120.

the prices increase as people book and the cheaper fare classes sell out...appears lots of people booking replacement flights driving the prices up. Understandable, Whether the rush is over, who knows, there may still be a lot of people looking for replacement flights.

If nobody buys the seats at £120 the price 'may' drop until they hit a price that people will buy at. If people pay the £120 they will sell out and the fare will increase further...if nobody buys at the new fare they may drop back to £120

Polly_Esther

kingbuxton13 wrote: »

Obviously with the Thomas Cook situation, airlines are rubbing their hands together and hiking the prices (3 increases for my particular flight in the last 24 hours.)


I was looking at going to Peutro Rico (Gran Canaria) Saturday 14th for 4 nights. This flight was originally £56 but has fluctuated. It was around £60 on Sunday but it has shot up to £120.


Do we think these prices will come back down at any point, in particular for my flight. Is it a short term increase and will it all calm down?

Could be an idea to tell us where this flight departs from and the month of travel.


If it's an airport which didn't have a big Thomas Cook presence its demise might not have much effect on prices.

Westin

kingbuxton13 wrote: »

Obviously with the Thomas Cook situation, airlines are rubbing their hands together and hiking the prices (3 increases for my particular flight in the last 24 hours.)


I was looking at going to Peutro Rico (Gran Canaria) Saturday 14th for 4 nights. This flight was originally £56 but has fluctuated. It was around £60 on Sunday but it has shot up to £120.


Do we think these prices will come back down at any point, in particular for my flight. Is it a short term increase and will it all calm down?

For 2x four hour flights to Gran Canaria, I think even £120 is amazing value.

Unless you pay for some checked luggage and some inflight food and beverages then I doubt the airline will be making much money from you, if anything. Hardly ‘rubbing their hands’ over what you might add to their profit margins.

silvercar

I understand that airlines are working with the CAA to identify seats that are needed to repatriate people; it may well be the case that prices are being set at an artificially high level to deter people from booking the seats that are needed.

jackieblack

silvercar wrote: »

I understand that airlines are working with the CAA to identify seats that are needed to repatriate people; it may well be the case that prices are being set at an artificially high level to deter people from booking the seats that are needed.

Repatriation is only happening until 6th October.
OP is looking to fly on 14th.

kingbuxton13

Apologies. Las Palmas in Gran Canaria 14th December.



Its gone up 5 times since Sunday. Flights are now £131 each, up from original price of £51 each. Moved 5 times since Sunday.


Westin - They have increased the price by over 150% since TC went bust. That was my only point, I don't particularly care what you consider amazing value. You still have transfers and accommodation to go on top of that.



To other more reasoned posters, are you suggesting that it might "calm down" after 6th October?

jackieblack

kingbuxton13 wrote: »

To other more reasoned posters, are you suggesting that it might "calm down" after 6th October?

Not necessarily - as cheaper seats get booked up, only seats in higher priced fare buckets will be left. Prices might drop if bookings fall and seats are left unsold, but at the moment demand is high and supply is limited.


But the reason for flights on 14th being expensive will not be because seats that are needed for repatriation are being priced at an artificially high level to deter other people from booking them, because the repatriation will be over by then.

Marvel1

When I booked a flight last year for a stag (stag was in April) we made seperate bookings (our own). Each time one of us booked we paid more than the last person did even 1 hour after, the same could be happening to many other flights.

mattyprice4004

You haven’t learned about yield management yet, have you?

It’s really simple - demand goes up, prices goes up to make sure there’s enough to go around and they’re not all snapped up for £50.

And it IS amazing value even at £100 or more - you should check out the maintenance costs of an A320!

You still haven’t told us where you’re flying from...