How do Scandinavian airlines price their flights?

Scandinavian Airlines offers seamless flight service to more than 300 destinations at an affordable price. When it comes to pricing the flights, there are several factors at play, including demand, market dynamics, and much more. The most important elements are considered. Then, according to an algorithm, past data, fuel cost, and other strategies, the tickets are priced. The Scandinavian airlines flight prices also depend on the travel class,  availability of the fares, and more. Read along to know how the airline prices its flights.

Dynamic Pricing

Scandinavian Airlines uses the Dynamic Pricing method to determine the price of a ticket through current market demand, supply changes, the climate, and price bounding. This leads to fluctuation when customer booking habits, competition rates, and other factors change.

The magnitude of sales

When the tickets sell out faster than usual, the Scandinavian Airlines will definitely increase the ticket price to gain more profit. However the airline may not increase the price even with higher sales volume if the route or the destination is usually less in demand.

The trip type

Scandinavian Airlines cheap tickets can be obtained by booking a return flight rather than one-way tickets. Most full service airlines do this to increase the sales of the tickets. But, many low-cost airlines opt to provide point-to-point service and do not lower the price even if you go for multi-city reservations or round trips.

Peak times

Most airlines predict the peak dates/seasons when the flight tends to receive a high number of reservation requests for a certain destination. During such peak dates/ times, the Scandinavian Airlines ticket prices increase exponentially. But you can get cheap tickets by booking during the non peak time.

Profiling travelers

Scandinavian Airlines profiles the customers to figure out their booking habits and how must a travel might be willing to pay. Usually, leisure travelers tend to book the tickets early, expecting to get cheaper tickets, while business travelers are open to paying a high price and tend to book closer to the departure date. Thus, the airline may increase the ticket price for business travelers close to the departure dates, and for leisure travel destinations, the price might be lower closer to the scheduled departure.

Fuel cost

The price of the fuel is a huge factor when pricing the tickets. Due to the increase in the price, the ticket prices go up. Although major airlines try to cut fuel consumption through certain practices, it is not significant enough to pass on the benefits to passengers. 

Scandinavian Airlines might also be using AI to make accurate predictions to ascertain ticket prices. The ticket prices can be high, but with certain hacks and proper planning you can score cheap tickets to amazing destinations effortlessly. Booking at the right time to the right destination is crucial to get the lowest fare from Scandinavian Airlines and enjoy your next adventure. Most of the time, you might be able to find cheap tickets with a bit of research and save a ton.