Air Ticket Price Trends in China, by Month

Air Ticket Price Trends in China, by Month: A chart showing historical air ticket prices by month and year.

Airfare Price Trends in China, by Month: A chart showing historical airfare prices by month and year.

China Air Ticket Price Trends, by Year: A chart showing historical airfare prices by month and year.

Air Ticket Price Trends, by Month, in China: A chart showing historical airfare prices by month and year.

Airfares Prices Trend in China, by Month: A chart showing historical airfare prices by month and year.

China Air Ticket Price Trends, by Year: A chart showing historical airfare prices by month and year.

Airfares Price Trend in China, by Month: A chart showing historical airfare prices by month and year.

Airfares Price Trend in China, By Year: A chart showing historical airfare prices by month and year.

China Air Ticket Price Trend, By Year: A chart showing historical airfare prices by month and year.

Air Ticket Price Trends in China, by Month

Since the beginning of the new year, we have seen a significant rise in the price of airline tickets, especially for flights during the Spring Festival travel season. During China’s “Golden Week” in October, air ticket prices also skyrocketed. This has sparked widespread concern amongst passengers and led them to question: why are airline ticket prices so high? Why are they so volatile? And what can be done to bring them down?

To find answers to these questions, we have combed through historical data on airline ticket pricing from Alitrip and Alipay. Using this data as well as trends from previous years as a guide, we have constructed a forecast on domestic air ticket prices for the remainder of 2015.

In general, there are two main factors that contribute to higher demand for air travel during certain months: national holidays and major events. The biggest national holiday is the “Golden Week” from October 1-7, when people travel to visit family or vacation. The peak season for business travel is at the end of each quarter; during these times, seats fill up quickly and prices increase as well. In addition, there are other major events throughout the year that attract large numbers of people to certain locations at specific times

Average air ticket price in China by month: A chart showing historical average air ticket prices by month and year.

Chart showing average tickets sold per flight by month, year and carrier.

Average airline ticket price in China by year: A chart showing historical average air ticket prices by year.

Chart showing average tickets sold per flight by year and carrier.

Average airline ticket price in China by month and carrier: A chart showing historical average air ticket prices by month and carrier.

Chart showing average tickets sold per flight by month, year and carrier for the top five carriers in each category of sales.

Air Ticket Price Trends in China, by Month

We analyzed historical pricing data for the past year and found that ticket prices for the next 3 months tend to be about 10% lower than the current month. For example, if you’re traveling in October you can expect to pay about $10 less than if you were traveling in November. We then analyzed historical pricing data for the remainder of the year and found that ticket prices generally decrease over time, with an average decrease of $16 per month.

We also found that early-to-mid week departures tend to be cheaper than weekend departures. If your schedule is flexible and you can leave on a Tuesday rather than a Friday, you’ll likely see significant savings.

The air ticket price tends to surge around the Spring Festival. The lowest price is in August. The chart shows that the price of an air ticket increases over time. It also shows that the average price in January is higher than that in April and lower than that in December.

The data set is a collection of airline ticket prices, including the date and time when the tickets were collected. The data set consists of 14 columns and 11515 rows, covering ticket prices from January 1, 2004 to March 31, 2014.

FB

FB is a contributor at FuelBirds. We are committed to providing well-researched, accurate, and valuable content to our readers.

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