Flying in India has become more affordable these days and this affordability will continue to drive demand. Even as more people choose to travel by air, airline pricing continues to confound them. So, passengers must be aware of when to buy, what they buy and how to handle any changes to take the surprise out of pricing. Airline pricing, driven by dynamic market forces, is highly sophisticated and focused on profit generation.Here are few things to keep in mind to make better choices while booking tickets.The pricing process — called yield management — seeks to maximise the revenues per passenger kilometre (RPKM). Many other industries, which include hotels, taxi companies and even the Indian Railways, now follow this type of yield management.In 2016, the RPKM touched around Rs 4, so, to fly 1km, a passenger is paying about as much as she would pay for a bus or train ticket. With the demand for aviation rising, the cost of flying is hitting parity with bus or train travel.
When you’re planning your travel, the biggest concern in obtaining cheap air tickets or lowest air fares. Be it flying the international route, or the domestic one, getting affordable tickets becomes paramount. Air tickets can often put a dent in your pockets, so if budget travel is what you’re looking for, then getting cheap flight tickets becomes necessary. Often there are three main sources through which you can get cheap air tickets, namely booking agents, online travel agencies, or directly through the airline itself.Over the past few years, the competition in the online travel segment has tremendously increased, especially in India. More companies in the market leads to competitive prices, which in turn proves to be beneficial to travellers. Good prices and insane deals are seen almost every other day when it comes to travelling within India, or even abroad.Yet, paradoxically, last minute flights are another matter altogether. Prices will actually drop for last minute tickets! Airlines hate empty seats because empty seats don’t earn them money, so it’s better to have the seat filled cheaply.\
Use this to your advantage when you can, but don’t rely on it since there’s no way to guarantee that a flight will have last minute spots available.Don’t buy too early, either. You might think that prices would be dirt cheap if you purchased your tickets 6 months in advance, but that’s unfortunately not how it works. The optimal time to buy a ticket, then, is between 3 and 12 weeks before the flight.Also, consider using Bing’s Price Predictor. Bing might still be lagging behind Google in the field of search, but they have some cool tools that come in handy every once in a while. The Price Predictor is one of them.The basic principle of reward system is that, “you get what you reward “the Employees. The main principle of management is things are done quickly if you reward the Employees, they shows positive attitude towards their works and their behavior changes if you reward them for their work. If you set a certain target for the employees and when they achieve it reward them immediately failure to do so will affect the results in the future and never hold behind the employees rewards.