What If You Could See Airline Pricing Algorithms?
from the actually-a-watched-pot-does-boil dept
Even with a variety of price comparison tools at our fingertips, shopping for plane tickets is still a black art. Prices change depending on ticket availability, route popularity, and a cadre of other unseen factors. A new site, Farecast, attempts to help would-be travelers decide when the best time to buy a plane ticket by forecasting future ticket price changes. Price transparency is good for the consumer, and the mere fact that a site like this even gets any buzz is symptomatic of the frustration that consumers feel for the whole ticket buying process. If Farecast is able to accurately predict this market and increase price transparency, consumers will win out by getting some valuable insight on a very confusing process. Then again, if too successful, at which point do these forecasts start actually influencing the prices themselves?Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Another middleman
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Moving targets
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it looks like a greyhound bus broke down in front of a indian casino next to methadone clinic on the mexican border.
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Re:
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Ha
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I agree
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Arbitrage
Yes, these people are a new intermediary, but an intermediary aiming to make money by disrupting the airlines' game. This is most likely good for this intermediary and good for the consumer (they'll split the consumer surplus that they are able to take back from the airlines).
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fuel charge
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fuel charge
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It is actually part of a (sometimes odd) business model. Yup, believe it or not these airlines actually expect to make money carrying people around in airplanes...sounds weird doesn't it.
"Airline tickets cost 40% less than they did 25 years ago."
And not only are you paying for the higher cost of fuel...you are even paying for labor, and the material required to operate aircraft...heck you are even paying for the aircraft themselves.
I know...in a perfect world fuel would be eco-friendly and free...and people would work for free...but that just isn't the case.
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What If You Could See Airline Pricing Algorithms?
Yes, everyone, it's another story of the the American Dream in progress. Find the niche, take advantage of it for as long as humanly possible, then sell it for loads of money to some "college only" educated scruff right before it's not worth anything.
Still looking for the ALGORITHMS...
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What If You Could See Airline Pricing Algorithms?
Yes, everyone, it's another story of the the American Dream in progress. Find the niche, take advantage of it for as long as humanly possible, then sell it for loads of money to some "college only" educated scruff right before it's not worth anything.
Still looking for the ALGORITHMS...
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Overall more people on planes is better for everyo
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subject
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farecast
1. How is farecast an intermediary? they are just giving us information!
2. if the airlines change their prices or change their algorithms, won't farecast just change their predictions. If you click on "look under the hood" you see they are using their own algorithms that adapt to change!
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Low Airfares
Have you people seen how many airlines have gone out of business in the past three decades, or do you have amnesia??? The fact that a broader audience flies today is indicated by what Anonymous Coward stated earilier....a sketchy bunch of people is right. It does look more like a Greyhond Bus crowd than ever before.
What torques me off more than anything, is finding out how people break the code in getting the bulkhead seats or exit rows everytime I try to get them from the counter. I'm six feet five and can use the leg room. Usually I find some freakin' Vietnamese family spread out across the whole row. Or some lardass ladies taking it over. Get a clue people, the extra space in "FRONT TO BACK"....it's called knee room, having a big fuckin' ASS will be crowded no matter where you park that trunk. There...damn, it's feels better to get that one off my chest. Cheers.
Bill
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Re: Low Airfares
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Re: Low Airfares
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crybabies
Life handed you a freebie, buddy. Six-five means you got all kind of advantages, from babes, to pay raises, to not getting pushed around by the six-two guys. The least thing you can do is suck it up and not cry about the one time your god-given fortune actually causes you a touch of discomfort.
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what's wrong with meta search sites?
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what's wrong with meta search sites?
Are you saying there's already a plethora of meta-search sites for airfare. I can see that, but I'm not aware of any others that try to predict prices.
I'm hoping to score some Red Sox/Yankes tix for late August, and have had no luck with finding a meta-search site. I'd rather not have to visit each of some twenty-some broker sites in my search. Anyone know of one?
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Airline Pricing
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