Wondering what you all think about plane prices after COVID, you think will be cheaper cause companies need to recover or more expensive cause there will be lesser options (many airlines probably go bankrupt)
Plane ticket prices in the future
Plane ticket prices in the future
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Apr 1 2020, 09:47 AM, updated 4y ago
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#1
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Junior Member
70 posts Joined: Dec 2019 |
Wondering what you all think about plane prices after COVID, you think will be cheaper cause companies need to recover or more expensive cause there will be lesser options (many airlines probably go bankrupt)
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Apr 1 2020, 09:56 AM
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#2
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Senior Member
1,159 posts Joined: Mar 2019 |
For short term we could see higher ticket prices due to to limit flights availability.
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Apr 1 2020, 09:59 AM
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#3
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Senior Member
7,592 posts Joined: Mar 2014 |
No change. Probably cheaper to encourage travel and sell more tickets.
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Apr 1 2020, 10:04 AM
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#4
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Junior Member
64 posts Joined: Mar 2016 |
cheaper because of cheap fuel
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Apr 1 2020, 10:05 AM
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#5
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Newbie
5 posts Joined: Jul 2009 |
The price will gradually increase as the demand for it is increased. The offer will only be adjusted when the demand hits a certain level. Therefore, the price could over a couple of years, be higher than it was before the pandemic, probably to help covering the huge losses they incurred.
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Apr 1 2020, 10:08 AM
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#6
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485 posts Joined: Mar 2009 |
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Apr 1 2020, 10:09 AM
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#7
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Senior Member
5,627 posts Joined: Mar 2012 |
Sure high. Airline need to recover
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Apr 1 2020, 10:13 AM
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#8
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Senior Member
2,645 posts Joined: Jan 2003 From: Somewhere in the world |
it will recover back to pre covid time coz all they need is to sell the ticket until breakeven and then the price will increase as the load increases.
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Apr 1 2020, 10:21 AM
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#9
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Newbie
5 posts Joined: Jul 2009 |
QUOTE(motherland @ Apr 1 2020, 10:04 AM) Imo, cheap oil won't last, it is unsustainable to the producers. To quote Goldman Sach, it is predicted that in the next few years, there will be oil shortages due to wellhead shut-ins and refinery cuts. It is implied that the price may likely to be shooting high. |
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Apr 1 2020, 10:36 AM
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Senior Member
3,300 posts Joined: Oct 2007 From: everywhere in sabah |
QUOTE(fireballs @ Apr 1 2020, 10:09 AM) price still talks in the airline industryu want to recover, u need numbers of pax....and because of competition, if u price it high...nobody is gonna use u since there are alternatives if MAS is monopoly for whole world, will be high but since there are so many competition out there...that's not gonna happen |
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Apr 1 2020, 10:50 AM
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Junior Member
864 posts Joined: Oct 2013 |
Higher price for ad hoc buying. Lower price for early booking.
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Apr 1 2020, 02:44 PM
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Senior Member
1,053 posts Joined: Jan 2003 From: Verdun |
It will depend on the company strategy and big picture view.
For sure it is easy to drop price and get volume in the short run. But to go back to pre price drop rate in long run will take some time crawl back to the rate (or the rates before it was dropped). So for some airlines, it is better for them to stay at high rates at expense of lower pax count versus low rate and higher volume. Something costing (fixed and variable cost) were taken into consideration in the rates. Eg company still lose money even its its full cos they sell it at low rate. This post has been edited by minizian: Apr 1 2020, 02:46 PM |
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Apr 3 2020, 05:48 AM
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Junior Member
191 posts Joined: Jan 2018 From: Sweden/Kedah |
Alot higher. And much more hazzle, lots of counires might have quarantine rules, and airlines might require health checks before departure. Who knows if we ever go back to the way things were in January 2020
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Apr 8 2020, 03:30 PM
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Junior Member
70 posts Joined: Dec 2019 |
QUOTE(minizian @ Apr 1 2020, 02:44 PM) It will depend on the company strategy and big picture view. yeah true, i feel like big brand names like Emirates might not be so willing to lower prices so quickly. There might be a burst of people actually willing to travel and pay so they might not lose out.For sure it is easy to drop price and get volume in the short run. But to go back to pre price drop rate in long run will take some time crawl back to the rate (or the rates before it was dropped). So for some airlines, it is better for them to stay at high rates at expense of lower pax count versus low rate and higher volume. Something costing (fixed and variable cost) were taken into consideration in the rates. Eg company still lose money even its its full cos they sell it at low rate. Budget airlines (if they survive) will definitely have to cut prices to lure people who want to travel but can't. Not sure if they are willing to continue making that kind of losses though. |
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Apr 8 2020, 03:31 PM
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Junior Member
70 posts Joined: Dec 2019 |
QUOTE(PATAR @ Apr 3 2020, 05:48 AM) Alot higher. And much more hazzle, lots of counires might have quarantine rules, and airlines might require health checks before departure. Who knows if we ever go back to the way things were in January 2020 I think it will go back for sure but will definitely take a while. If a COVID vaccine is found then it'll be faster but if we wait for the virus to die down on it's own will take a long time |
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Apr 8 2020, 04:59 PM
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Senior Member
1,053 posts Joined: Jan 2003 From: Verdun |
QUOTE(Sky_Is_The_Limit @ Apr 8 2020, 03:30 PM) yeah true, i feel like big brand names like Emirates might not be so willing to lower prices so quickly. There might be a burst of people actually willing to travel and pay so they might not lose out. I think about this, I reckon LCC like Air Asia are able to go low since i believe their cost base on their flight were quite sorted. I dont think the same cant be applied for Air Asia X based on how they are performing past few years (since they are publicly listed and able to see how it goes).Budget airlines (if they survive) will definitely have to cut prices to lure people who want to travel but can't. Not sure if they are willing to continue making that kind of losses though. That unlimited 499 flight surely will be useful for their cash flow. Not sure how does that doing to do them favor with their current situation. |
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Apr 17 2020, 10:29 AM
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Junior Member
70 posts Joined: Dec 2019 |
QUOTE(minizian @ Apr 8 2020, 04:59 PM) I think about this, I reckon LCC like Air Asia are able to go low since i believe their cost base on their flight were quite sorted. I dont think the same cant be applied for Air Asia X based on how they are performing past few years (since they are publicly listed and able to see how it goes). Ya i also don't know what will happen, only can wait and see when all this is eventually over.That unlimited 499 flight surely will be useful for their cash flow. Not sure how does that doing to do them favor with their current situation. |
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Apr 17 2020, 11:54 AM
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Senior Member
5,691 posts Joined: Mar 2006 |
QUOTE(Sky_Is_The_Limit @ Apr 1 2020, 09:47 AM) Wondering what you all think about plane prices after COVID, you think will be cheaper cause companies need to recover or more expensive cause there will be lesser options (many airlines probably go bankrupt) Depends on how the covid situation resolves. If it's like SARS where suddenly the virus just disappeared and no more risk then plane tickets will be expensive cos everyone will want to travel. |
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Apr 22 2020, 10:42 AM
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Junior Member
70 posts Joined: Dec 2019 |
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