alt Hacker NewsImagine you're an airline. You have to follow the following regulations/standards:
- 24 hours to cancel any flight (or some airlines let you reserve with a 24 hour window to pay, which also fits the regulation)
- Seats that are sold cannot be sold to another passenger during this window (it's removed from inventory in GDS)
Now imagine you have people using agents to do the following:
- Book and cancel flights regularly to try to save a few bucks
- Set up an agent "if prices hit $xxx, book immediately and then cancel within 24 hours unless I tell you otherwise"
You suddenly have an inventory problem that can effectively DoS an airline.
Replies
> 24 hours to cancel any flight (or some airlines let you reserve with a 24 hour window to pay, which also fits the regulation)
I believe the 24 hours free cancellation requirement is only valid 7 days out. If it's for a recent flight I don't think you get free cancellation?
Definitely agree that those would be hostile behaviors, but I want data that shows it is happening.
Imagine you're an airline and have the ability to hire smart people and can equip them with ai tools.
This is something that should be solved with a 2 person team over a weekend.
Airline prices are the absolute worse! I'm trying to book 5 tickets together between 2 major airports that I have flown multiple times in the past. The price has been a rollercoaster!
$2200, I waited a bit too long to confirm with the group $4000 then $3500, then $2500 which changed within 5 minutes to $2600 and then $3000 and now $5000+
Other than memestocks, nothing else has such insane price volatility!
I get why they have done it but it’s also a symptom of over segmenting the market based on time. The airlines have absolutely made this bed by having such adversarial pricing.