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Airline ticket prices
Posted on 5/26/22 at 7:01 am
Posted on 5/26/22 at 7:01 am
The airline industry got hammered when COVID reared up, and people wouldn't/couldn't travel due to fear of disease. Now with that behind us, we get record-breaking fuel prices increases. I assume that's the reason for airline tickets being double what they were a couple of years ago. Case in point, I just checked on some tickets to the Caribbean. $2000 round trip for coach! Is it safe to assume that a whole lot less people will be flying due to the increase in price, and if so, how in the Hell will the airline industry recover? This is like being hit by back-to-back hurricanes.
Posted on 5/26/22 at 7:34 am to greygoose
I was discussing this in another thread on here. Yes I think the airlines are using every excuse possible to increase rates and profits.
Given that, people haven’t flown in 2 years. So yes demand is very high right now. Supposedly they have staffing issues including pilot issues so they are reducing the amount of flights, which again increases demand and prices. I’m not convinced that’s as big of deal as they are making it out to be though, and just using it to justify higher profits.
This summer flights are sky high. I think it’ll be interesting to see what happens this fall when peak season is over and inflation affects more and more personal budgets.
Given that, people haven’t flown in 2 years. So yes demand is very high right now. Supposedly they have staffing issues including pilot issues so they are reducing the amount of flights, which again increases demand and prices. I’m not convinced that’s as big of deal as they are making it out to be though, and just using it to justify higher profits.
This summer flights are sky high. I think it’ll be interesting to see what happens this fall when peak season is over and inflation affects more and more personal budgets.
Posted on 5/26/22 at 8:00 am to baldona
quote:Planes were packed in February when I went to Aruba, and March for a trip to Vegas. I just can't see it being the same with prices the way they are now.
I was discussing this in another thread on here. Yes I think the airlines are using every excuse possible to increase rates and profits.
Given that, people haven’t flown in 2 years. So yes demand is very high right now. Supposedly they have staffing issues including pilot issues so they are reducing the amount of flights, which again increases demand and prices. I’m not convinced that’s as big of deal as they are making it out to be though, and just using it to justify higher profits.
This summer flights are sky high. I think it’ll be interesting to see what happens this fall when peak season is over and inflation affects more and more personal budgets.
Posted on 5/26/22 at 8:54 am to greygoose
quote:
I just can't see it being the same with prices the way they are now.
Eh think again. I went to Chicago for work last week, plane was completely full there and back. Not an open seat. Same thing two weeks ago on a work trip to Denver.
And these are mid-week flight. Not weekends.
Flying tomorrow from IAH to CUN (Cancun), just checked in, and yes the flight is also 90% booked (that is a guesstimate based on open seats I can choose from).
People are paying these prices right now. I think the better question is for how long will people pay these high prices before airlines start noticing a drop in demand driven solely by pricing, and not another factor.
One trend I am seeing that was never prevalent before - prices are actually dropping as I get closer to my travel date for flights that are not full.
Posted on 5/26/22 at 9:31 am to skewbs
My employer has suspended most work travel requiring flying. We don’t travel very much anyway so not a huge deal, but I have to drive to a conference later this summer. Drive is 8 hours and we’re turning it into a family road trip, so not really a big deal. I prefer driving anyway.
Part of their reasoning is also the ridiculous rental car rates. Even with gas as high as it is, driving is probably 50% cheaper for them, maybe more.
Part of their reasoning is also the ridiculous rental car rates. Even with gas as high as it is, driving is probably 50% cheaper for them, maybe more.
Posted on 5/26/22 at 9:47 am to The Spleen
quote:
Part of their reasoning is also the ridiculous rental car rates.
It’s been cheaper for me to hire a private driver in Spain driving me around in a 500 series Mercedes than it was to rent a car. I could get used to their chauffeured life.
Posted on 5/26/22 at 9:55 am to VABuckeye
I said the same in January of 2021 repeatedly on this board and was constantly downvoted. While I have been expecting it, it doesnt make it any more palatable especially because we have put off so much international travel.
My fear now is that most of these increases will remain like when baggage fees were introduced.
My hope is that more airlines introduce more fares with a la carte options, non refundable, pay for seat selections, no snacks, no drinks, etc.
Southwest Wanna get Away Plus
My fear now is that most of these increases will remain like when baggage fees were introduced.
My hope is that more airlines introduce more fares with a la carte options, non refundable, pay for seat selections, no snacks, no drinks, etc.
Southwest Wanna get Away Plus
Posted on 5/26/22 at 7:10 pm to LSUfan4444
With the ever increasing rise in everyday items, a whole bunch of people will be UNABLE to fly very soon. What seems to be forgotten is, packed flights today, were mostly from tickets bought months ago. August flights and capacity should be very telling.
Posted on 5/27/22 at 6:31 am to greygoose
Was looking yesterday for some business trips and yes, it’s ridiculous. It was bad a few weeks ago, but now it’s out of control.
We have to be getting close to the break point where everyday travelers hedged by buying tickets months ago to where they won’t be buying future flights. Hopefully see half empty planes in next month.
We have to be getting close to the break point where everyday travelers hedged by buying tickets months ago to where they won’t be buying future flights. Hopefully see half empty planes in next month.
Posted on 5/27/22 at 7:00 am to Lsut81
quote:
We have to be getting close to the break point where everyday travelers hedged by buying tickets months ago to where they won’t be buying future flights. Hopefully see half empty planes in next month.
Then they'll just cancel flights. Few flights means less labor costs, less manpower needed, less repair, etc. I don't expect these prices to dip much if the price point starts to break people. I do think there will be some leveling off but it will come at an expense (less flight options, less direct options, etc)
Posted on 5/27/22 at 7:26 am to LSUfan4444
quote:
Then they'll just cancel flights. Few flights means less labor costs, less manpower needed, less repair, etc. I don't expect these prices to dip much if the price point starts to break people. I do think there will be some leveling off but it will come at an expense (less flight options, less direct options, etc)
Pretty much all the airlines or at least major carriers have already cut flights due to “staffing” shortages. Airlines have expenses whether planes are flying or not they can only do that so much.
I think this summer will be the peak and prices should come back down barring any new major influences.
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