Pricing Algorithm

Pricing Algorithm is a mathematical formula or set of formulas used by airlines to determine the fare of a ticket. The algorithm takes into account various factors such as demand, competition, seasonality, and historical data to set the price of a ticket. Airlines use sophisticated software to analyze these factors and adjust the prices accordingly. The goal of the pricing algorithm is to maximize revenue by selling as many tickets as possible at the highest possible price while remaining competitive in the market.

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Pricing Algorithm

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