Air travel is the most comfortable way of commuting from one place to another. The comfort, on-time arrival and at times before time arrival have earned the industry insurmountable recognition and appreciation. Looking at a recent report published by the airlines industry it can be summarized that there are growing number of bookings. However the surprising fact is despite such huge bookings the charges of the tickets are still pocket-bearable. Contradictorily it should be the opposite because as the demand goes up price of that particular subject should also hike.
Now let’s just talk on the probable causes that have been integrating a major role for stagnation of the fares of the travel:
- Competition: Few years back there were countable number of airlines maximum one or two however in today’s time the count knows no limit. Each day new airline is popping before eyes. Surprisingly, each airline has innovative or at least advanced features and processes of bookings which make their slots easier to be availed.
- Unreserved seats: Not only inflation is the reason for such drastic changes. This one is quite significant for lower fares in the air industry. As there are airlines who stick to the vision of not reducing their fares makes it quite difficult for people of all races to afford it proportionately. In order to get their businesses going many renowned airlines have been settling for the idea of lower cost despite long hours of coverage.
- Low demand: There is less demand for the air tickets as people find other means of commuting pocket-friendly, landing them on time. This shift in the urge to create pocket-friendly travel has led them to search for alternatives which ensure comfort and quality simultaneously.
Conclusion:
These are undoubtedly the reasons why travel fares have reduced.
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