After having made a few trips abroad, you wondered about the determination of the price of an airline ticket. Also, you have discovered that the price of a ticket depends on different parameters. You have noticed that there is a base price, which cannot be changed, to which airport taxes, etc., will then be added. Your research has enabled you to learn that the base price takes into account the essential costs for an airline, namely the cost of personnel, the purchase and maintenance of aircraft, fuel, but also the price of meals and drinks served where applicable. However, you have the impression that passengers on an airplane pay different prices for an airplane flight. Knowing that the basic idea of personalized pricing is to charge people the price corresponding to the value they attribute to the products.

 

Question 10

Please explain the airlines preferred approach to determining the price of an airline ticket.

 

Question 11

Please list five justifications issued by airlines to explain price differences between passengers