Research on the Airline Industry Airfare Pricing Factors under Difficult Circumstances

DOI

10.2991/aebmr.k.220603.142How to use a DOI?

Keywords

Airline industry; Socioeconomics; Airline ticket pricing; Impact of the epidemic; Covid-19 affect

Abstract

Current academic research on airline ticket pricing mechanisms has largely determined that passenger numbers are impacted by a range of variables since various airlines have varied operational expenses. Many concerns have led to substantial changes in airline price for aircraft tickets in the context of the Russian and Ukrainian hostilities and the onset of the COVID-19 pandemic. The purpose of this paper is to examine the variables that affect airline ticket costs. A regression model on airline ticket pricing was attempted after collecting current market data and business annual reports to analyze the characteristics that may be presented in current airline ticket prices, and then doing rigorous data analysis using Python. Results show that this model can be used to calculate ‘Airline,’ ‘Date of Journey,’ ‘Source,’ ‘Destination,’ ‘Total Stops times,’ ‘Oil price,’ ‘Dep hour,’ ‘Dep min,’ and ‘Arrival hour’ in connection to airfare, hopefully supplying airlines with pricing suggestions.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Dechang Lin
PY  - 2022
DA  - 2022/07/01
TI  - Research on the Airline Industry Airfare Pricing Factors under Difficult Circumstances
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 868
EP  - 873
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.142
DO  - 10.2991/aebmr.k.220603.142
ID  - Lin2022
ER  -