Is there solid justification? It’s annoying that it can’t be a solid rate unless some kind of natural disaster or surge in location specific travel happens. And why does booking months/weeks seem reasonable prices but within a few days it’s astronomical?
In: Economics
There’s a number of factors that go into ticket prices. Its actually quite complicated.
1. First thing is ticket prices are made up of two things, the fare price and taxes. The fare price is what the airline makes, the taxes are paid to the government of the city. Taxes fluctuate from day to day so this can affect ticketing prices.
2. All flights have booking classes there are about 10 economy classes, 3-4 business classes, and first class. The class of the ticket affects the pricing the lower classes are going to be cheaper if the lower classes sell out this increases the price. Sometimes the lowest class is available on your preferred fly out date but not available on your preffered return date so this increases the price. That’s why travel agents will ask if you can fly out a couple of days earlier or return a few days later.
3. Airlines have set time limits for sale fares called a ticketing time limit. If you don’t purchase the ticket before the sale finishes this can also cause a massive price jump.
4. Other factors like a change in seasonality of the ticket can also affect pricing.
Source; I use to work as a travel agent.
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