MIT: Independent Activities Period: IAP

IAP 2017

Why Do Airfares Change So Often? New Developments in Airline Pricing and Distribution

Dr. Peter Belobaba, Principal Research Scientist, Department of Aeronautics and Astronautics; and, Michael D. Wittman, Ph.D. Candidate, MIT International Center for Air Transportation

Jan/23 Mon 02:00PM-03:30PM Room 33-206

Enrollment: Unlimited: No advance sign-up

Why is airline pricing so complicated and why is that great fare you saw yesterday not available for purchase today? This talk explains the theory and practice of airline pricing and revenue management -- how airlines determine prices and how many seats to sell at each price. We also discuss how airline pricing will change in the near future, from the recent trend of unbundling (ancillary revenues) to next-generation distribution systems, dynamic offer generation, and customized pricing.

Sponsor(s): Aeronautics and Astronautics
Contact: Marie Stuppard, 33-202, x3-2279,