You are allowed to find this behavior bizarre. If airlines were even halfway rational, they would ar

When doing Economics 101, the law of supply port of miami car rental and demand port of miami car rental is one of the first things you master. At its simplest level, it says that if demand is low and supply plentiful, prices will fall. But if demand is high, prices start to rise, accelerating should there be a shortage of supply. So, for example, the current recession means there s high unemployment. This excess in the supply of labor means pay falls. In the case of airline tickets, there s a finite supply of tickets. Unless airlines buy or rent new airplanes, the number of available seats stays the same. The only variable is the number of passengers willing to fly. The most recent surveys show the ticket prices are highest coming into and over the weekend. This is the time when sales are slowest and, not surprisingly, the few buyers refuse to pay the higher prices. So, come Monday, airlines discount their prices. Other airlines port of miami car rental watch to see how deep the early discounts are and then decide whether to match them on Tuesday morning. Most of the sale prices expire come Thursday, so Friday sees the full seat prices restored until the discounts kick in again the following Monday. Not surprisingly, the people who monitor sales see the highest volumes on Monday and Tuesday when the supply of seats at low prices is plentiful.
You are allowed to find this behavior bizarre. If airlines were even halfway rational, they would arrive at an average price based on a week s sales and offer that price 24/7. Except, of course, no one expects large corporations to act rationally. This therefore leaves you with a simple choice. If you want to buy cheap air tickets , you wait for the prices to be discounted on a Monday and then watch to see how the competition pitches its prices. Monday port of miami car rental night through Tuesday morning probably offers the lowest prices although, on some less popular routes, you may still find cheap air tickets on Wednesday. Once you understand the cycle, you buy when you know ticket prices will be at their lowest.