Day 59 Some tips on purchasing flight's tickets

Some tips on purchasing flight's tickets

Life is much more convenient with flights. It literary shorten the distance between us and the world. With a certain price, we are able to travel to most of the countries around. Imagine if we would like to visit a family member who lived in United States back to prior the civilian flights were popularized. In addition, it not only consumes less time, but also relatively cheaper if we take all costs together into account. However, the flight companies apply the floating-price system, which the system will automatically adjust the tickets fare corresponding to the seats' availability. Therefore, we should understand how does this system work if we are aiming for the lowest price.

The fundamental fact is that all the flight companies will sell more tickets than the actual seats available. They do this in order to make sure every jet is fully occupied. Because there will always be someone who is going to change his/her schedule or unable to travel on the date. Even though in some special cases traveler's checked-in are beyond, the flight could carry, it is actually very rare. The Airline firms used to implement fist-come, first-served method to eliminate exceeds of demand, but switched to the compensation method recent years. In conclusion, the airline companies will tend to sell at a lower price first and reduce the price when the flight is not overly booked, but the almost due.

Once we comprehend how does the system work, we can apply specific strategies towards it. Firstly, we know the flight firms will sell at a lower price if we book as early as possible. The reason is straight forward, since the airline firms will receive cash flow earlier, which has a great benefit on their liquidity. Furthermore, the longer the term, the more volatile should occur. Hence more travellers can be expected will not travel on the date, and there is a price for changing the tickets. However, in many scenarios, we cannot predict the exact date that we will be traveling. Thus we will not be able to pursue the optimistic price. The closer date the flight, the more expensive the price will be. Especially in holidays, the flight has already been booked out long time ago. Nevertheless, as I mentioned before, there are always people who change their schedule. Thereby we may use that as a breakthrough. As to gain benefit from that, we should monitor the price of our desired ticket during the day, especially in the midnight and early morning. Airline firms will release tickets that have been aborted by others in these periods. And because the due date might be close, these tickets will come out at a lower price for the intention of quick sale. Moreover, we can use the travel agents' website to search the flight information collectively, and purchase on the airline websites after we made our decision. That will increase the efficiency of our work.

At last, although we are targeting the lowest price, other factors such as service, comfortableness and travel time should also be taken into consideration. Balancing between those and the price is the ultimate goal for us, unless you are a business class/first class user.