The fare structures of airlines are complex as they depend on various factors. One can understand the structure of pricing, keeping the following points into account.
1. Demand: As per the basic rule of demand and supply, the more the demand for a ticket, the higher its price will be. Hence, in case of any event or festival, the ticket cost will be relatively higher than on regular days.
2. Time of Booking: Airlines set dynamic pricing to their tickets; that means the closer the departure date, the more the ticket price will be. Therefore, one should try to book the ticket as soon as possible for less. Also, there are peak hours during the day when flight tickets tend to have greater fares.
3. Class of Service: The air ticket price greatly depends on the type of class you choose. Different airline classes typically offer multiple service classes, such as economy, first, premium economy, or business class. Each class provides specific amenities and services.
4. Distance: The ticket price depends on the flight's distance. Longer flights are generally more expensive than shorter ones.
5. Competition: If there are two or more providers for the same route, the market gets competitive, which reduces the overall prices.
6. Ancillary Fees: Ancillary services include an in-flight meal, baggage check-in, and other services that add up to the overall cost of the flight ticket.
7. Discounts: As an agent, one must find the best deals and discounts on booking flights. Discounts are generally offered on group booking, corporate booking, or by applying coupons.