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In response to
"Speaking of Delta, people are posting on Twitter about their flights out of Miami booming in price."
by
volnelk
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People don't understand how fare classes and airline inventory work.
Posted by
ty97
Sep 6 '17, 09:52
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While $3258.50 doesn't sound right to me, I definitely say the phenomenon yesterday where flights skyrocketed in price as there was a run on tickets and all the lower fare buckets sold out thus leaving only expensive fares, and limited ticket, available. Plus, these were fare buckets for travel within 3 days, which also tend to have higher fares.
I definitely saw one ways out of RSW for over $1000 at one point.
The system is automatically designed to reprice as fare buckets sell out. However, it's unusual for there to be a sudden run on tickets so it's highly unusual for prices to rise from, say, $200 to $1000 in a day. But that's what happened. There will be tons of misinformed 'price gouging' posts and articles about this.
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