The fuel price fluctuates too.
They ideally want all seats filled as thats the most fuel efficient… so they will raise or lower prices accordingly.
Which is why the last few tickets to flights.. can either be absolutely nuts expensive… or basically nothing.
So whenever you have a fuel crisis too. Prices just skyrocket because now its not just seating being accounted for but also the fuel itself.
My recent flight cost 35€ initially. At the end tickets were 700€.
Idk how much Ukraine crisis had to do with it but it was about the last few tickets that were so ludicrous.
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