Airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic: Dynamic pricing.
What is dynamic pricing?
Dynamic pricing can be defined as the situation where a company or business owner decide to change the price of the product due to low demand or when the price of a product is slice down or reduce due to market demand for such product.
Based on the given scenario the airline is making use of dynamic pricing due to low patronage so as to attract people.
Inconclusion airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic: Dynamic pricing.
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