Pricing
Pricing in aviation refers to the process of determining the cost of air transportation services. It involves taking into account various factors such as fuel costs, aircraft maintenance, crew salaries, airport fees, and other operational expenses. Pricing strategies can vary depending on the airline's business model, market demand, competition, and other factors. Airlines may use different pricing models such as dynamic pricing, where fares are adjusted based on demand, or value-based pricing, where fares are based on the perceived value of the service. Pricing is a critical aspect of airline operations as it directly impacts revenue and profitability.
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