What are the demand factors leading to higher ticket prices in the airline industry? Explain how they change the prices.

1. What are the supply factors leading to higher ticket prices in the airline industry? Explain how they change the prices.
 
2. What is your expectation about ticket prices in the future? What supply- and demand-related factors can change ticket prices in the future? Explain how they are expected to change the prices in the future.
 
3. Please give examples of such products which became highly expensive in recent years, especially after the covid period. Why did they become more expensive? Please give supply- and demand-related reasons.

Episode on Oct 31, 2022 - "'Cheap' Flights Aren't That Cheap Anymore: How to Save on Airfare"

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Answer rating: 100% (QA)

Demand Factors Leading to Higher Ticket Prices 1 Seasonality Increased demand during peak travel seasons such as holidays or summer vacation can drive prices up as airlines capitalize on higher demand ... View the full answer