Search results
demonstrates the pricing strategies of Turkish Airlines, a round trip-economy class (Istanbul-Frankfurt-Istanbul).
evaluate the pricing strategies and origin-destination (O-D) markets of full-service carriers (FSCs) and low-cost carriers (LCCs). Furthermore, the authors would like to find out how airlines set their pricing strategies to compete in a fast- growing and highly competitive market. The findings revealed that the
In this paper, we propose a definitional framework for dynamic pricing for the airline industry. After providing a general definition of dynamic pricing, we describe three mechanisms for price selec-tion—assortment optimization, dynamic price adjustment, and continuous pricing.
1 sty 2022 · When setting prices, airlines can apply either cost-based or service-based economic principles. In practice, most airline pricing strategies reflect a mix of these three theoretical principles (i.e., O-D market, supply/demand and cost/service). The competitive environment also bears a strong influence on prices.
1 kwi 2014 · This article creates and empirically analyzes a dynamic pricing framework. The model includes the main theories on prices in the literature, and dynamically analyzes how companies change their pricing policies according to different circumstances.
We estimate a model of air travel demand and show that dynamic pricing expands output, results in higher revenues, lowers consumer surplus, and decreases total welfare compared to uniform pricing.
1 cze 2016 · In the airline markets, pricing policies are central for any empirical analysis; Borenstein and Rose (1994) distinguish between systematic and stochastic peak-load pricing as sources of price...
