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Masterminding the Perfect Outing: Trend Analysis of Flight Prices

   

Added on  2019-09-18

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Running Head: ASSIGNMENTAIRLINES ANALYSIS[Document subtitle]
Masterminding the Perfect Outing: Trend Analysis of Flight Prices_1

ASSIGNMENT1IntroductionAs per instructions, routes that are chosen for business location are Chicago,USA(ORD) to Seattle, USA(SEA) and Hongkong(HKG) to Beijing, China(PEK). Also for leisure location the routes chosen are London, United Kingdom (LGW) to Madrid, Spain (MAD) and New York, USA(JFK) to Las Vegas, USA(LAS).All the flights have 5th December, 2016 as their destination time.Selection of Airlines1.For ORD- SEA route four flights are chosen. They are:South West AirlineUnited AirlineAmerican AirlineAlaska AirlineAll flights mentioned above takes 4h34min to 4h40min to travel to destined location. All fights have B737 aircraft type. Therefore both the requirement of similar type and similar capacity.2.For HKG-PEG route also four flights are chosen:Dragon AirChina SouthernAir ChinaHongkong AirlinesAbove routes are for business location.3.For LGW_MAD route three flights are chosen. They are:
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ASSIGNMENT2Air EuropaIberiaEasy Jet4.For JFK-Las route also three flights are chosen:Jet BlueAmerican AirlinesDeltaAbove two destinations are for leisure destination.Presentation of the dataThe below graphs show the fluctuation of ticket prices with the passage of time. The graphs below are four routes. Two for business routes and two for leisure routes.The above graph shows price fluctuations with time for four different airlines on same route. The price of southwest airlines and Alaska airlines got merged after first month and then increased at the same rate. Also, American airlines has higher rate than the south west airline
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ASSIGNMENT3and Alaska airline but lower than the united airlines. For united airlines, there is sudden increase in rates in the last days of October and then increases gradually.For the HKG-PEK route, the prices decrease as the time passes. The lowest price is charged by china southern airlines. The highest cost of fare is charged by dragon air. There is similarity for all the airlines that the prices decreased from their initial level.
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