
Airfares
Airfares refer to the price that a passenger pays for a ticket to travel on a commercial airline. The cost of airfare is determined by a number of factors, including the distance of the flight, the time of year, the demand for seats, and the level of competition among airlines. Airfares can vary widely depending on these factors, and can be affected by external factors such as fuel prices and government regulations. Airlines use sophisticated pricing algorithms to set airfares, and may offer discounts or promotions to attract customers. Airfares are a major source of revenue for airlines, and are a key factor in determining the profitability of an airline.
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News Source: NBC News on 2025-04-17
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News Source: USA Today on 2025-04-17
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