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LoginAccording to Reuters,United and American Airlines said Thursday,They will remove change fees for international long-haul flights。
American Airlines said,For all long-haul international flights originating from North or South America,Change fees for all classes except basic economy class will be cancelled,Effective immediately。
And United said,It will announce an extension of change fee waivers for basic economy and international tickets later this year,"To continue to provide greater flexibility to all passengers traveling with us。”
Earlier,Both airlines stated,Due to the recent surge in COVID-19 cases in the United States,Flight bookings have declined。
Previously the end of August,The three major 188bet app U.S. airlines have successively announced the permanent cancellation of domestic flight change fees。However,The new policies for rebooking of the three major US airlines do not cover basic economy class tickets。This is to allow passengers to choose by themselves,Choose the lowest price but there is a change fee、Or choose a ticket with a higher price but no change fee。
In 2019,Change fee revenue accounts for approximately 2% to 3% of U.S. airlines’ total revenue,But analysts said,As people still focus on generating bookings,Therefore the overall financial impact in the future will be limited。According to U.S. Department of Transportation,Delta Airlines charged 8 last year.$300 million in ticket cancellation and change fees,American Airlines charged 8.USD 1.9 billion,United Airlines charged 6.USD 2.5 billion。
2019,U.S. industry-wide change fees net airlines $2.8 billion。Removal of lucrative change fees highlighted,The balance of power between airlines and passengers is now firmly in the hands of passengers。Philip Baggaley, chief credit analyst for airlines at Standard & Poor's, pointed out,This doesn’t happen often。
Due to the impact of the pandemic on the aviation industry,U.S. airlines 188bet sports betting app download lose millions of dollars every day,Airline passenger revenue is only about 30% of what it was before the epidemic,This forces airlines to introduce policies that are more beneficial to passengers,To encourage people to start traveling again。
Civil Aviation Resource Network expert Li Hanming pointed out,The essence of change fees,It is a measurement of "seat cost caused by passenger changes",This is the opportunity cost of airlines considering “not being able to sell before taking off”。If this opportunity cost could be included in the ticket price,Then it is feasible to waive the refund fee。This cost is on different routes、Different ticket sales times、Even different ticket buyers,They should all be different。The existing “change fee” system is a static extra-price fee,In today’s big data era,No longer adapts to the development of the times。Dynamic change fee、Price internalization (integration into fares) is actually an application of "dynamic pricing" theory,Dynamic pricing is an inevitable trend in the global aviation industry。However, the details of this general trend will be different in various regions。
Li Hanming estimates,European and Chinese airlines will not follow suit for the time being。Due to the lack of alternative 188bet sports betting app download long-distance transportation tools such as high-speed rail in the United States,The U.S. airline industry therefore lacks external competition,The competition among airlines,Presenting【Internal fierceness】,The situation of external monopoly;China and Europe have high-speed railways,Second, airlines maintain their own hubs,So the competition is between airlines and high-speed railways,Present [internal monopoly,Intense external situation。
Canceling the change fee will of course have some impact on the ticket price,Mainly reflected in the fact that the fare curve will change with real-time demand。It’s really unpredictable,It’s really unpredictable,Unknown。
188bet app download 文来Source: Civil Aviation Resources Network, original title:《Continue to add money!American Airlines and United Airlines will eliminate change fees for overseas flights》.
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