Airline fare analysis: comparing cost per mile

an interesting source on airfare costs per mile

Rome2rio Blog

NB: A version of this blog post first appeared as a special guest post on Tnooz.

As we continue to improve the Rome2rio multi-modal search technology, we are starting to integrate pricing data into the system to help make sensible routing decisions and better inform our users. After all, price is an important part of the decision process when choosing between routes or modes of transport.

Prices for trains, buses, ferries and taxis tend to be more constant than airfares, which fluctuate with supply and demand. However, airfares do follow certain obvious trends; longer flights cost more, and some airlines are more expensive per mile flown than others.

We decided to model airfares using some simple parameters. To do this, we examined the economy class airfares displayed by Rome2rio to users over the past 4 months, totalling some 1,780,832 price points. We grouped the airfares by distance and selected…

View original post 363 more words

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