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CNBC International

CNBC International

1,440,000 subscribers

👁 639,786 views

How do airlines price tickets? | CNBC Explains

Video Overview & Insights

To the average buyer, airline ticket prices appear to fluctuate without reason. But behind the process is actually the science of dynamic pricing, which has less to do with cost and more to do with artificial intelligence. CNBC's Tom Chitty explains.

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I think every airline in the planet should be fined with 50% of their income in the last 10 years. and if they go bankrupt, so sorry, yo get bumped to the next business. and the assets of that airline are restored to start it all over again with new management that is mandated by law to serve people and not their individual profitability.

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2:31

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More User Perspectives

@

Airplane scam me before

@Brobiee
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Joejt postel member 1977
No rek 0092086551
Bankbpdkaltimtara
Feedback go id

@joetravolta9083
@

Explaination was not so good 👎👎

@sujoychakraborty4542
@

Tom is a little hottie.

@ahotdj07
@

It's all nonsense. If we had politicians who actually did their jobs they would look into this properly. Airline ticket prices are a scam. No airlines have been flying to South Africa for months and the demand is like zero now they are open yet price remains the same. Funny enough if I log in using different phones with different accounts I get different prices at same time. Utter rubbish 😠💩💩

@GrumpyTinashe
@

Has anybody used skiplagged? Always wondered if you'd get into trouble

@Aj23L1
@

Summary? algorithms and shit.
Cookies? Absolutely not. (maybe)

@jamesdean44775
@

If we use incognito mode, can I book ticket with lesser price compare to normal mode of internet??

@vijaychauhan628
@

they do fraud by intentionally decepting the information regarding dates, destination and refund.

@radhikaraj5971
@

I have flight benefits through my sister. Shes a flight Attendant.2-7-20

@AmericanPride1234
@

Thanks for the great content! Keep it up. Helps me explain my students how businesses work

@isaacguerrerojaimes1850
@

Xrai tas bandara perbesar 3kali 3 meter meja pengwasan kelihatan dari luar takberpintu,tertutup,&tas,rangsel,koper tajterpisah dari pemilik,.kamera kamera hp jenis rongsen panjanng6meter tingi 3&6&9&12,meter naikyurun jumplah kamera 250kamera hp,cctv 15.orang langsung masuk ruang/jalan xraei .

@dewadebleng560
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Setiap.mekanik meningal karna perintah heri wiliam pemeriksaan pesawat ,atas mesinya orangnya masuk di baling bailing&tutbin dinomo terbuka seharusnya tertutup,pengcek mekanik mesin,diluar mesin&saat dalam mesin ada orangnya mesin takdinyalakan ,heri,wiliam,carles,keterlaluan tak punya otak yg ikuti perintahnyapun orang carleskan ,juga petrik wiliam,sama seperti hengku buono 10.stres agak gila mengakui rumah tanah orang milik dia masak aset pemerintah usa,norwegia,italia,bandara pacitan buat duit takads,tenaga tak datang bilang miliknya dia yg buat nafi ,navy ,cia,fbi,kab,nato,pentagon koplak ,biarkuurusi,pokoe rumah tanah keuangan,kalian dibang tetap milik kalian,

@dewadebleng560
@

hey guys you can reach out to Webghost33 on skype. He's a professional cyberspace agent who can help you get cheap flight tickets and accommodation to anywhere in the world. This guys can hack into any system and reduce prices of things. I couldn't believe it when i traveled business class to Dubai in July. I spent about $1800 lesser the usual amount i normally spend.

@marthad.moreno6024
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All this tech world geniuses needs to find an alternate solution to flying in an airplane. Over the years the customer service has dropped so much like a penny stock. Uncomfortable seats, not enough legroom or recline space, not many food or beverage options, and above all charging for everything. Some day they will charge to even use a restroom in the plane..

@Guurur
@

The game is the game

@Whisperonix
@

Well that certainly dampens the mood of this last minute leisure flight to Hong Kong I had planned...

@Sock1122
@

dynamic: năng động
artificial intelligence: AI trí tuệ nhân tạo
aviation= hàng không
deregulation= sự bãi bỏ quy định của chính phủ
halt= a pause or stop
surcharge or baggage fees
algorithms= thuật toán
leisure or business
limited amenities= sự hạn chế tiện nghi
minimal services= dịch vụ tối thiểu
low cost carriers hàng không giá rẻ
loophole= kẽ hở

@minhngocnguyen4390
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www.pros.com friends

@dmendez12
@

Love hooper

@pranavpradhan6055
@

PDF95/USD.

@nawaratboonchouy2776
@

/USD.

@nawaratboonchouy2776
@

/PAY

@nawaratboonchouy2776
@

dirtysaftydirtysafty

@nawaratboonchouy2776
@

So, deregulation of the airlines led to 9/11

@danielabramrhodeisland
@

I noticed if you search a lot them prices go up quickly to force to panic then you to buy

@hanbulban3131
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So does this mean that the AI decide the profitability of airline industry ?? Now i know why i should delete my browsing history after did my booking

@noverdinho
@

How about, fuck that, I would rather drive

@samueldormervil
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Flying usually isn't a choice. If you got somewhere to be and it's more than a 8 hour drive it's usually worth it to just fly.

@dennisp8520
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No mentions of "price discrimination"?

@Ice_Karma
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for example in 3:03, is it possible for passenger in flight from London to Bogota ? So the passenger will keep sitting in the plane in Miami airport and then continue to fly to Bogota? Or the passenger do get down from the plane, wait for a while in airport and take the next plane to Bogota (under the same company flight). Sorry, I'm just confused and like to be enlightened from the wise :)

@andrew871124
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Actually you are good,through different videos you made.

@Grc5892
@

Is this boy egyptian?

@Tsetsi_com
@

Excellent contnet

@Tsetsi_com
@

One of the best channel on YouTube. Thank you so much for your effort and this amazing content.

@ahmadchannel9303
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Incredible video, I loved it.

@TechCoach
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Good video not chitty at all.

@SuntzuMocro
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The whole cookie thing is not true, when you make a reservation in the amadeus system you select a letter which corresponds to a price level. This price is always the same as the one the costumer sees on the website

@dyremose
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👍👌

@amanforyou9493
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Kayak is the best lolol....

@LEK-0525
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I’m not a math wiz or genius or somewhat smart but wow sure sounds like math equations or formulations creates great unfairness in ticket pricing.

@kd9d3p74
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Nice video. thanks from team: Flightsbird.com

@susantamalik1
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One website can access only cookies from browsers which has been saved by that particular website. Can't believe such a big news channel do not verify their content for correctness.

@utkarshsingh6428
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Nice Explanation

@munishsaran