How do airlines price tickets?

How do airlines price tickets? | CNBC Explains

Рет қаралды 623,766

6 жыл бұрын

To the average buyer, airline ticket prices appear to fluctuate without reason. But behind the process is actually the science of dynamic pricing, which has less to do with cost and more to do with artificial intelligence. CNBC's Tom Chitty explains.
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Пікірлер: 168

@ahmadchannel9303 5 жыл бұрын

One of the best channel on KZfaq. Thank you so much for your effort and this amazing content.

@Samuel-er5bf 5 жыл бұрын

nothing is better than Google Flights. I’ve tried all those other websites that “compare” prices, and the main airline websites too but the webpage is messy and not too organized. Google flights is very easy to use, and the price includes the taxes and fees. I’ve booked many flights from my phone. Not sure if the cookies rumor is true but just to be safe I go incognito on my web browser and use Google flights. Best prices as well

@helaasgard273 5 жыл бұрын

Samuel B when you go incognito Google (or Microsoft) records everything, incognito only protects you from your family or friends LOL. Google is your worst enemy. I've never found a cheap flight through them. Best is to check websites directly and yes, ALWAYS clean cookies, it's not a rumour, it's a FACT. Watch "Do you trust this computer?" and you'll understand everything.

@taufiktaufik4810 5 жыл бұрын

Try comparing the prices using traveloka.com you’ll happy with the results

@st0nk172 4 жыл бұрын

@@taufiktaufik4810 traveloka sucks for flight but hotel price is unbeatable

@bobbyjunk2433 5 жыл бұрын

quality content as always !!

@nived_warge 6 жыл бұрын

Can you make video on, what will happen if your country doesn't pay the debt or what happens when a country goes bankrupt? Please

@lolbrunopt 5 жыл бұрын

Nived Warge the people are sold for slavery

@lornelz 5 жыл бұрын

lolbrunopt The lucky ones, it's worse for the ones left behind

@shaunbirrell8362 5 жыл бұрын

Turkey will be bankrupt very soon , is that why your asky ?

@arnabbera2562 5 жыл бұрын

lolbrunopt Actually nothing happens. Eventually, IMF helps in bailing out these countries provided that they adhere to terms and conditions dictated by IMF. Some countries like Thailand manage to recover strongly after bailout and eventually pay back their dues while there's the Greek example, which keeps on defaulting, despite repeated bailouts and end up deeper and deeper into debt.

@hahnselativ695 5 жыл бұрын

CHINA will buy your Country with Fake Money!!!

@prashantthakur3975 6 жыл бұрын

Nicely explained 👏

@heesingsia4634 6 жыл бұрын

What? Here I thought they just pulled the numbers out of their arse.

@TechCoach 5 жыл бұрын

Incredible video, I loved it.

@bezawadaharikrishna3444 5 жыл бұрын

Very much helpful Thank you very much

@abhiinair 6 жыл бұрын

A very unexpected video but really great!! Loved it... 🙂 Usually companies block such videos for India but not this time. Thanks for that. 😁

@laughingvampire7555 Жыл бұрын

get a vpn dude, come on, as the second superpower in tech industry in the world you should know about this.

@vivigoesusa 11 ай бұрын

@@laughingvampire7555 oh ok so I, as a German, should then be able to build a car?😂

@jiunglee1905 5 жыл бұрын

such an instructive video showing how air ticket prices are formed. Learnd another meaningful knowledge today, as well!

@munishsaran 5 жыл бұрын

Nice Explanation

@isaacguerrerojaimes1850 4 жыл бұрын

Thanks for the great content! Keep it up. Helps me explain my students how businesses work

@NazriB 6 ай бұрын

Lies again? Apex Predator Ticket Master

@adamnazifi 6 жыл бұрын

Wow, i learned so much from this

@CNBCi 6 жыл бұрын

Love hearing this!

@helaasgard273 5 жыл бұрын

Not enough as they don't tell you how to avoid being ripped off....😕

@helaasgard273 5 жыл бұрын

Watch "Do you trust this computer" guys, this is just the tip of the iceberg. Booking flights from your phones is the worst idea

@gunaguna4075 6 жыл бұрын

Nice video

@Salah.alkhalifa 5 жыл бұрын

Nice topic

@Sock1122 4 жыл бұрын

Well that certainly dampens the mood of this last minute leisure flight to Hong Kong I had planned...

@hanbulban3131 5 жыл бұрын

I noticed if you search a lot them prices go up quickly to force to panic then you to buy

@nathanmatthews9338 5 жыл бұрын

They work out a fair priced deal based on flight length, departure and arrival locations and inclusions/class in the flight. Then.....they times by 3 and presto. Thats how they do it

@dennisp8520 5 жыл бұрын

No actually, airlines will charge more to people that have more money. Which they determine based on data they collect on you. It's a BS practice and can be seen by loading up the same flight. One in your normal browser and one in incognito mode. You will see two different prices for the same flight, same time, same ticket and etc.

@gauravmishra1375 5 жыл бұрын

Wow .hub of knowledge

@calypso 5 жыл бұрын

What apps where you using??

@JoieDeVivre35 5 жыл бұрын

Same algorithm used for hotels also

@ryangosha644 10 ай бұрын

Interesting

@arnabbera2562 6 жыл бұрын

Hi CNBC, can you make a video exclusively on low cost airlines business model, it's impact on travel and tourism industry? Thanks.

@CNBCi 6 жыл бұрын

Great idea. We'll add it to our list.

@lolbrunopt 5 жыл бұрын

Check "Wendover Productions"

@tomjardine100 5 жыл бұрын

Flights are usually cheaper if you book in advance

@Atem_S. 6 жыл бұрын

I taught the air-fuel price would affect the price more...

@jon-unicorn-doxxer 6 жыл бұрын

Atem S. Barely...

@Zombieguy123 6 жыл бұрын

Atem S. Sometimes it does but most of the time it does not.

@Atem_S. 6 жыл бұрын

just found that out!

@gmmonko 6 жыл бұрын

Island hopping in Hawaii - ticket price 120 bucks - 57 bucks TSA and government fees. Similar flights in Europe cost 19 bucks.

@Atem_S. 6 жыл бұрын

why do you have a Nazi logo in the middle of your star profile?

@andrew871124 5 жыл бұрын

for example in 3:03, is it possible for passenger in flight from London to Bogota ? So the passenger will keep sitting in the plane in Miami airport and then continue to fly to Bogota? Or the passenger do get down from the plane, wait for a while in airport and take the next plane to Bogota (under the same company flight). Sorry, I'm just confused and like to be enlightened from the wise :)

@kd9d3p74 5 жыл бұрын

I’m not a math wiz or genius or somewhat smart but wow sure sounds like math equations or formulations creates great unfairness in ticket pricing.

@vijaychauhan628 4 жыл бұрын

If we use incognito mode, can I book ticket with lesser price compare to normal mode of internet??

@Aj23L1 4 жыл бұрын

Has anybody used skiplagged? Always wondered if you'd get into trouble

@TsetsiStoyanova 5 жыл бұрын

Excellent contnet

@edwardfitzgerald3877 10 ай бұрын

Why do you play loud music in the background while someone is talking?

@brsiddhant5208 5 жыл бұрын

What's your height brah?

@nawaratboonchouy2776 5 жыл бұрын

/USD.

@Ron23604 6 жыл бұрын

Book in advance to avoid last minute drama

@user-xt8pw4jn6e 5 жыл бұрын

Women love drama

@utkarshsingh6428 5 жыл бұрын

One website can access only cookies from browsers which has been saved by that particular website. Can't believe such a big news channel do not verify their content for correctness.

@Zombieguy123 6 жыл бұрын

Romania

@pranavpradhan6055 5 жыл бұрын

Love hooper

@lablvr6000 4 ай бұрын

hopper kind of scares me thinking there will be delays ...what has your experience been?

@nawaratboonchouy2776 5 жыл бұрын

PDF95/USD.

@venkateshbabu5623 5 жыл бұрын

Look at the amount of dirt on the wings and they look dark paints. So much dirt in air. Image the number of flights it has taken.

@dennisp8520 5 жыл бұрын

Flying usually isn't a choice. If you got somewhere to be and it's more than a 8 hour drive it's usually worth it to just fly.

@tisha8253 6 жыл бұрын

Make a video on why aviation industry is in losses.

@nawaratboonchouy2776 5 жыл бұрын

/PAY

@deviprasadrajuvysyaraju 5 жыл бұрын

Additional charges are more than the base fare for deomestic airlines

@Zombieguy123 6 жыл бұрын

Cuba

@Zombieguy123 6 жыл бұрын

Denmark

@Zombieguy123 6 жыл бұрын

Canada

@Zombieguy123 6 жыл бұрын

Finland

@Zombieguy123 6 жыл бұрын

South America

@irishchriswolf1284 Жыл бұрын

2:31

@minhngocnguyen4390 5 жыл бұрын

dynamic: năng động artificial intelligence: AI trí tuệ nhân tạo aviation= hàng không deregulation= sự bãi bỏ quy định của chính phủ halt= a pause or stop surcharge or baggage fees algorithms= thuật toán leisure or business limited amenities= sự hạn chế tiện nghi minimal services= dịch vụ tối thiểu low cost carriers hàng không giá rẻ loophole= kẽ hở

@AmericanPride1234 4 жыл бұрын

I have flight benefits through my sister. Shes a flight Attendant.2-7-20

@nzungu7773 5 жыл бұрын

QR 🤗

@omoba3000 4 жыл бұрын

The game is the game

@Zombieguy123 6 жыл бұрын

Greenland

@amanforyou9493 5 жыл бұрын

👍👌

@Zombieguy123 6 жыл бұрын

Morocco

@phalipiagaming3723 5 жыл бұрын

pan am was the best airline

@Zombieguy123 6 жыл бұрын

Antartica

@Zombieguy123 6 жыл бұрын

Turkey

@Zombieguy123 6 жыл бұрын

Sweden

@Zombieguy123 6 жыл бұрын

Asia

@grediuce7039 5 жыл бұрын

Actually you are good,through different videos you made.

@Zombieguy123 6 жыл бұрын

Algeria

@dyremose 5 жыл бұрын

The whole cookie thing is not true, when you make a reservation in the amadeus system you select a letter which corresponds to a price level. This price is always the same as the one the costumer sees on the website

@Zombieguy123 6 жыл бұрын

Japan

@Zombieguy123 6 жыл бұрын

France

@noverdinho 5 жыл бұрын

So does this mean that the AI decide the profitability of airline industry ?? Now i know why i should delete my browsing history after did my booking

@tronghuoa1437 6 жыл бұрын

3:31 Why London to Bali? Not Pattaya or Nha Trang

@samueldormervil 5 жыл бұрын

How about, fuck that, I would rather drive

@Bibleinformationandhelp 4 ай бұрын

More airlines need to be created. Safe airlines. The more airlines there are, the lower they will charge people. Why? Competition. Free market.

@Zombieguy123 6 жыл бұрын

Georgia

@dogan6070 5 жыл бұрын

To bad, your not getting my MONEY .

@Guurur 4 жыл бұрын

All this tech world geniuses needs to find an alternate solution to flying in an airplane. Over the years the customer service has dropped so much like a penny stock. Uncomfortable seats, not enough legroom or recline space, not many food or beverage options, and above all charging for everything. Some day they will charge to even use a restroom in the plane..

@danabram 5 жыл бұрын

So, deregulation of the airlines led to 9/11

@SuntzuMocro 5 жыл бұрын

Good video not chitty at all.

@Zombieguy123 6 жыл бұрын

Nigeria

@dewadebleng560 4 жыл бұрын

Xrai tas bandara perbesar 3kali 3 meter meja pengwasan kelihatan dari luar takberpintu,tertutup,&tas,rangsel,koper tajterpisah dari pemilik,.kamera kamera hp jenis rongsen panjanng6meter tingi 3&6&9&12,meter naikyurun jumplah kamera 250kamera hp,cctv 15.orang langsung masuk ruang/jalan xraei .

@Ice_Karma 5 жыл бұрын

No mentions of "price discrimination"?

@jamesdean44775 4 жыл бұрын

Summary? algorithms and shit. Cookies? Absolutely not. (maybe)

@briandsouza5718 5 жыл бұрын

Hi CNBC, can you make a video on business model of sellanycar.com , its a Dubai based largest car buying company.

@12gpm91 5 жыл бұрын

The EU should ban Hidden City Pricing

@dzikripratama3776 6 жыл бұрын

So it's the AI (again) ....

@BossChronicles 6 жыл бұрын

Too damn expensive

@Zombieguy123 6 жыл бұрын

Shawn Afshar yeah

@ahotdj07 3 жыл бұрын

Tom is a little hottie.

@Zombieguy123 6 жыл бұрын

Chad

@Zombieguy123 6 жыл бұрын

Swaziland

@Zombieguy123 6 жыл бұрын

Malaysia

@Zombieguy123 6 жыл бұрын

Brazil

@Zombieguy123 6 жыл бұрын

China

@nossasenhoradoo871 5 жыл бұрын

There is no air-fuel price as commercial jets run on compressed air!

@Zombieguy123 6 жыл бұрын

Slovenia

@Zombieguy123 6 жыл бұрын

Hungary

@Zombieguy123 6 жыл бұрын

Australia

@Zombieguy123 6 жыл бұрын

Iceland

@TsetsiStoyanova 5 жыл бұрын

Is this boy egyptian?

@laughingvampire7555 Жыл бұрын

I think every airline in the planet should be fined with 50% of their income in the last 10 years. and if they go bankrupt, so sorry, yo get bumped to the next business. and the assets of that airline are restored to start it all over again with new management that is mandated by law to serve people and not their individual profitability.

@Zombieguy123 6 жыл бұрын

Uzbekistan