Airline price competition on long-haul routes shaped by key factors.
Airline companies on long-haul routes use pricing strategies to compete with each other. They adjust prices and how much they vary to attract customers. To stand out, airlines offer different products and use complex pricing methods. Competition level and booking timing affect prices. Data from the US market show that these factors are important in setting prices. However, the data is limited to quarterly information, missing details like the day of purchase.