Dear Experts & Oldies,
At the beginning of the scenario the fuel price was around $180.- & now it is around $225.- This means a net rate increase of 25%.
What do you recommend, reflecting the same rate increase onto the ticket prices or not?
What should be the main idea while co-relating the fuel prices with ticket prices?
Best regards,
Master
Don't worry about trying to work out exactly how much to increase prices, just use the 'set all prices to default' checkbox once every RL couple of days. The default price will steadily increase as the years go by, and it will also fluctuate with fuel prices. Though the fuel prices will fluctuate more. A 25% jump in fuel might mean a 5% jump in default prices.
Basically, if you're under the default prices, you're costing yourself money for almost no benefit. If you're significantly above the default, you'll lose pax and thus money.
You are great buddy :)