Why Airline Ticket Prices Vary So Widely

November 27, 2014 by · Leave a Comment 

The ticket you bought for your next flight could cost twice as much, or half as much, as the person sitting next to you. It’s a rule of flying that buying a ticket at the last minute means you’ll pay more than someone who bought when prices were at their lowest. If you have to book a ticket because of a family emergency or a last minute trip, you reluctantly pay a premium.

But did you know that ticket prices on an hour long economy flight can vary by as much as $1,400? This rather startling price difference was revealed by Hopper, a travel research website. A recent report they put out states that ticket prices for economy seats between LAX and Vegas — a 60 minute flight — ranged from $200 to $1,600.

DragonAir Economy SeatsThat’s quite a price difference and $1,600 is a lot to pay for such a short flight. The person who paid $1,600 must have been desperate, or quite the high roller.

So how do you avoid being the person who paid the most for their seat?

Part of it is a matter of luck: prices for the same flight vary day to day and even hour to hour. Your best bet on scoring at the lower end of the scale is to buy ahead of time, of course.

You can also check out Hopper’s website, which gives you a good idea of the range of prices for a particular destination and what the best deal is likely to be. If you see something within your acceptable range, be sure to snap it up right away. That price may be gone in 60 minutes.

If you enter the airports you’re flying between, you’ll also get a detailed breakdown of varying flight costs, the best time to buy tickets, and the most popular days to travel to a particular destination. They also provide info on what carriers make the trip, with a percentile breakdown. Plus there’s a list of alternate airports you can travel through to get close to the same spot.

If you want to avoid getting stung by high ticket prices, plan ahead, and use the tools to do some comparison shopping. Whether it’s Hopper or any of the other travel sites online, it’s a matter of good planning and plain luck.

Photo credit: Luke Lai (Flickr, Creative Commons)

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