Information for data science project

fabianosilva

New Member
Apr 9, 2021
2
3
41
Brazil
Hello there,

If this is not right place I ask the moderators to move this thread or delete it.

I'm doing a data science project trying to decompose the price structure of air tickets.
https://rpubs.com/fabiano_silva/RoundTheWorld
I'm using data from the US Bureau of transport and statistics

My intention is to prove that the longer the flight, cheap it is (relative to distance). During the process I found that most tickets keep a range from the cheaper to the most expensive at exactly 20 times, no matter airline company.
You can see it here:

image.png

The graph is distance (Miles) on X and price per km flown on Y (sorry for mixed units!), both on log10 scales.

I need some opinion from people inside the industry or logistics on why they choose this range for price strategy.
Unfortunately, I don't have the temporal data so I can relate this to time of purchase or such.

Does the lower price is always the pure "cost" and then the airline raise the price according to seat number in a negative exponential?
Any one have any idea? Opinions are welcome.

Regards, Fabiano
 

Aviador

Administrator
Staff member
Subscriber
Jan 12, 2009
15,123
373
HEAD OFFICE
We don't normally allow these kind of requests but it's an interesting topic I'd be interested in learning more about if you'd care to share some of your findings when you've collated the information.
 

fabianosilva

New Member
Apr 9, 2021
2
3
41
Brazil
We don't normally allow these kind of requests but it's an interesting topic I'd be interested in learning more about if you'd care to share some of your findings when you've collated the information.
Thanks!

Until now, someone who works researching the Air Travel industry refused my theory on pure cost on lower values.

It's interesting to think that on long flights (+4000 miles), you could pay 0.06 USD/Mile and they still have profit!

I'll update here with any conclusions.
 
Top Bottom
  AdBlock Detected
Sure, ad-blocking software does a great job at blocking ads, but it also blocks some useful and important features of our website. For the best possible site experience please take a moment to disable your AdBlocker.