The volatility of price offers of passenger airlines on the example of the Warsaw – Brussels route
The volatility of price offers of passenger airlines on the example of the Warsaw – Brussels route
Author(s): Bogdan Klepacki, Paulina MindewiczSubject(s): Business Economy / Management, Transport / Logistics
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: air communication; ticket prices; pricing policy;
Summary/Abstract: In the study, the authors dealt with the price offer of four air carriers on the Warsaw – Brussels route. There were two traditional carriers (LOT Polish Airlines and Lufthansa) and two low-cost carriers (Ryanair and Wizz Air). The analysis considered changes in the ticket prices for a flight on a specific day over six months. A diversified pricing policy was found. Low-cost carriers and Lufthansa changed prices frequently but to a small extent. On the other hand, the cost of a ticket on Polish airlines was gradually increasing, the fastest in the last month before the flight. To minimize the ticket price at PLL LOT, a reservation had to be made at least three months before the flight. The lowest price of a Lufthansa and Ryanair ticket occurred a month before departure. On the other hand, at Wizz Air, the final price was lower than that offered at the beginning of the study.
- Issue Year: 5/2020
- Issue No: 3
- Page Range: 93-104
- Page Count: 12
- Language: English