News to Know

Why Finding a Cheap Flight Could Become Harder in AI Era
SOURCE: NDTV, 7/31

Globetrotters hunting for airfare bargains are in for a rude awakening: the days of stumbling across a cheap seat on a popular flight could soon disappear.

Airlines have long relied on analysts to devise pricing rules - such as increasing fares by 20 per cent once a flight is a quarter full. Now, artificial intelligence is enabling carriers to change seat prices more quickly by weighing dozens of variables in real time, helping capture more revenue while shrinking the pricing gaps that once allowed travelers to find bargain fares.

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