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Correlation between WTI and airfares?
Posted on 5/16/13 at 11:34 am
Posted on 5/16/13 at 11:34 am
Planning a trip to Europe and as an OT poor, I am looking to minimize costs. Transcontinental fare alterations could of course mean the difference between checking out Barcelona or not. I have zero clue how hedging, etc., works from the standpoint of an airline. How good of a proxy would WTI price be for trying to time buying a ticket?
This post was edited on 5/16/13 at 11:35 am
4
Posted on 5/16/13 at 11:36 am to acgeaux129
If you are trying to time the purchase for the absolute bottom, you are going to be disappointed.
Posted on 5/16/13 at 11:39 am to acgeaux129
Don't worry about all that and just buy your ticket. Airline tickets depend largely on the airports you're flying in and out of; the time of year you're traveling; the days of the week you're flying; and many other factors. Don't fool around trying to time your ticket purchase and miss out on a potentially good deal.
Posted on 5/16/13 at 11:41 am to acgeaux129
quote:
Planning a trip to Europe and as an OT poor, I am looking to minimize costs. Transcontinental fare alterations could of course mean the difference between checking out Barcelona or not. I have zero clue how hedging, etc., works from the standpoint of an airline. How good of a proxy would WTI price be for trying to time buying a ticket?
If you don't need to book this exact moment, you could sign up for a few credit cards strategically and rack up some signup miles and have at least one ticket paid for.
I don't try to "time" airfare when paying in full. I know what is about "normal" and if it is below, I take it, if absurdly higher, I consider a different destination, etc.
I've gotten tickets roundtrip from MSY and IAH to Greece and India for $820, which I think is a great deal. Greece was luck, I was going to book one day for $1000 but I needed a charge to come off my CC to pay for it (back in college when I had low limits). Next day it dropped to $820 and I bought. Next day it was $1200 again.
For India, I was actually planning to go to Peru but I had alerts for every continent and got that deal.
This post was edited on 5/16/13 at 11:43 am
Posted on 5/16/13 at 11:41 am to acgeaux129
Not a ton. More related to the demand and the available fare class mix. Feel free to read up.
One thing to consider is that certain countries charge more for departure taxes by over $100 which factors into ticket prices. Have you looked at flying into a different city and taking a train or a European based low fare carrier like Ryan Air?
One thing to consider is that certain countries charge more for departure taxes by over $100 which factors into ticket prices. Have you looked at flying into a different city and taking a train or a European based low fare carrier like Ryan Air?
Posted on 5/16/13 at 11:44 am to Broke
What do you mean by "absolute bottom?"
I'm just curious as to the elasticity of their prices in the short term. I doubt anyone here is in FP&A for Delta, but I figured personal experience may be helpful.
I'm just curious as to the elasticity of their prices in the short term. I doubt anyone here is in FP&A for Delta, but I figured personal experience may be helpful.
Posted on 5/16/13 at 11:48 am to acgeaux129
Just buy your ticket and be done with it.
Posted on 5/16/13 at 11:50 am to Waffle House
Thanks to everyone for the info so far. Yeah I saw a fare for about 1000 MSY-DUB roudtrip yesterday via aer lingus. Now it's over 1200.
My preferred trip is BTR-MAD, LHR-BTR, right now. Fwiw, I'm studying in London for a month and want to work my way up from Madrid-Barca-Paris-London to get there.
My preferred trip is BTR-MAD, LHR-BTR, right now. Fwiw, I'm studying in London for a month and want to work my way up from Madrid-Barca-Paris-London to get there.
Posted on 5/16/13 at 11:54 am to acgeaux129
My question is do you know what oil prices are expected to do between now and your trip? And that 20% price increase was not because of the .9% increase in the price of oil yesterday. In fact I doubt they take day-to-day fluctuations into account.
Posted on 5/16/13 at 11:57 am to acgeaux129
Just in general, if you can fly on Tuesdays, Wednesdays or Saturdays, fares tend to be cheaper(Lower Demand).
It seems like you have a pretty good bit of leeway in your travels so I would try playing with the dates and city pairs if possible and I would look into some of the LCCs in Europe to help reduce some of the costs. You could possibly luck out with one way flights on different carriers that are running specials to certain destinations.
Also, England and France charge the largest departure taxes, followed by Germany (Last I checked). Just something to keep in mind.
It seems like you have a pretty good bit of leeway in your travels so I would try playing with the dates and city pairs if possible and I would look into some of the LCCs in Europe to help reduce some of the costs. You could possibly luck out with one way flights on different carriers that are running specials to certain destinations.
Also, England and France charge the largest departure taxes, followed by Germany (Last I checked). Just something to keep in mind.
Posted on 5/16/13 at 11:58 am to OFWHAP
Obviously I can't really control for that volatility. Not like I'm day trading here, just trying to find a decent price point.
Posted on 5/16/13 at 12:00 pm to Waffle House
Some solid info. Thanks a lot.
Eat: how do I find said one-way specials without downloading hardcore eurotrash gay porn viruses? Some of these sites are absurd.
Eat: how do I find said one-way specials without downloading hardcore eurotrash gay porn viruses? Some of these sites are absurd.
This post was edited on 5/16/13 at 12:02 pm
Posted on 5/16/13 at 12:01 pm to acgeaux129
quote:
Thanks to everyone for the info so far. Yeah I saw a fare for about 1000 MSY-DUB roudtrip yesterday via aer lingus. Now it's over 1200.
What is also sometimes better is to split your purchases/tickets.
For example, something like MSY to LGA as one ticket and then LGA to DUB will be cheaper than MSY to DUB.
Also search various departure airports for a really low fare, as some airlines will give a discount for example Washington DC to Instanbul for $500 roundtrip, then all you need to do is book MSY to DC roundtrip separately and come out ahead.
I don't put any bags in the planes, so I don't get too worried about mixing and matching airlines to pull it off.
This post was edited on 5/16/13 at 12:03 pm
Posted on 5/16/13 at 12:07 pm to acgeaux129
I would go straight to the carriers and look on their sites. It is pretty quick to jump through the major players and their prices should be in line with their partners (Delta/AirFrance/KLM/Alitalia; United/Luftansa; etc.)
Also, it looks like www.google.com/Flights has added INTL destinations. That may be the best flight search tool to start with. It doesn't contain all carriers but you can easily see how prices fluctuate by airport, date, etc.
Also, it looks like www.google.com/Flights has added INTL destinations. That may be the best flight search tool to start with. It doesn't contain all carriers but you can easily see how prices fluctuate by airport, date, etc.
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