Rejoyce at Qantas

[medhead]

Ahhh..good to see the AFF 'mantra' is still alive and kicking...'always find something to whinge about'

I'm just noting that this great result is being paid by the customer. Didn't realise that was a whinge.

That is why I left it as "best/worst". I recently looked for some late specials SYD-PER, and was greatly disappointed to see they were in fact going up, not down.

Yes, that was a very clever way to do it.

That's dynamic pricing at work. Looking at the big picture there will be hundreds, if not more, customers purchasing seats - some will be cancelling. The airline adapts demands to supply and prices accordingly.

Except in the example I cited of high supply and high prices, followed by decreasing prices when supply should be decreasing. This is on one flight a week with 156 seats. Just saying they seem to have got the supply/price set wrong.

 

[drron]

So seeing that SMH article and they point out that analysts are forecasting a rise in the QAN share price it is time to sell?

 

[Foreigner]

Except in the example I cited of high supply and high prices, followed by decreasing prices when supply should be decreasing. This is on one flight a week with 156 seats. Just saying they seem to have got the supply/price set wrong.

Just wondered how you came to know of high supply situation. It was for next Feb and for all we know, there may have been a group on the particular flight which moved to another flight or even cancelled.

 

[medhead]

Just wondered how you came to know of high supply situation. It was for next Feb and for all we know, there may have been a group on the particular flight which moved to another flight or even cancelled.

Actually the high price was for >6 months in advance. That same price ($259) also applied to my searches for that particular flight number of Monday made >6 months in advance. Searching this week for Feb flights the price has dropped to $215 or lower.

The assumption is that when I looked for fares > 6 months out that there is high supply. I think that is fairly reasonable since the price is lower (i.e. too much supply) only a couple of months out from the flight. Same date and flight

I'm re-joyce-ing because even when there are $105 sale fares advertised >6 months in advance, my go to monday morning flight still starts at a minimum of $259. Yay! Qantas has made record profit.

I booked my February flights earlier this week. The previously $259 fares had all dropped to $215 or lower. Seems I just wait for the lower price and keep the cash in my pocket. Also gave me the opportunity to pick up some $104 fares from VA. I'm not sure yield management's ambit claim of $259 is working that well. If it was I'd expect fares to increase not decrease.

 

[Foreigner]

Actually the high price was for >6 months in advance. That same price ($259) also applied to my searches for that particular flight number of Monday made >6 months in advance. Searching this week for Feb flights the price has dropped to $215 or lower.

The assumption is that when I looked for fares > 6 months out that there is high supply. I think that is fairly reasonable since the price is lower (i.e. too much supply) only a couple of months out from the flight. Same date and flight

Aah, the assumption

 

[JohnK]

Must be time to enhance the fuel surcharges again?

 

[marki]

Must be time to enhance the fuel surcharges again?

Arrrrrrgh nooooooooo please nooooo ---- while your at it get rid of platinum make and incorporate it into the new rose gold level. With all the enhancements(sic!)

Why rose -- like rose colored glasses you will need them to see those benefits( enhancements)

 

[medhead]

Aah, the assumption

Plus an expert flyer subscription. Plus 6 years of booking the same flight on Monday morning.

Are you suggesting Qantas Yield management reduces the fare cost when they have less seats to sell?

 

[Foreigner]

Plus an expert flyer subscription. Plus 6 years of booking the same flight on Monday morning.

Are you suggesting Qantas Yield management reduces the fare cost when they have less seats to sell?

Thanks medhead. I am no expert flyer but if I had inventory and was closer to the departure date, I think I have couple of choices: either hope someone desperate wanting to get from A to B prepared pay a higher fare buys seat, or risk having the seat unsold and not getting any revenue from it. I may be wrong in my reasoning and cannot read QF mind so I wont speculate any more.


The article in this link makes good reading:

http://commons.erau.edu/cgi/viewcontent.cgi?article=1522&context=jaaer

 

[medhead]

Thanks medhead. I am no expert flyer but if I had inventory and was closer to the departure date, I think I have couple of choices: either hope someone desperate wanting to get from A to B prepared pay a higher fare buys seat, or risk having the seat unsold and not getting any revenue from it. I may be wrong in my reasoning and cannot read QF mind so I wont speculate any more.

Again, the fare is lower than it was previously, not higher.
Here are the steps:
1. Many months in advance. minimum fare on said flight $259. much availability. Flight 1 hour later, similar availability, has $105 sale fares. BTW the normal minimum fare on teh route is about $160
2. Closer to the date, lower availability, the red-e-deal fare is $215 or lower.

My issue is the clear choice to not release sale fares or even the minimum priced fare on that flight, combined with the later observation that they eventually drop the price to sell the seats.

BTW, I'm can't claim to be an expert flyer. I pay for Flight Availability | Upgrades | Frequent Flyer Information