Year:2021   Volume: 3   Issue: 1   Area: International Relations

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Dr. Fairouz Abdel Rahim NAAS & Researcher Mohamed Kais Adel Al GNBRI

IMPLEMENTATION OF AIR FLIGHT TRAVEL COSTS TO DETERMINE TICKETS FARE: AN EMPIRICAL STUDY FOR AL BORAQ AIR

The study aims to describe how to implement air flight travel costs to determine ticket fare on Al Boraq Air Company. The importance of this study arises from the necessity and novelty of the subject in Libya. By consideration, the increases contribute to the private sector in this industry. Moreover, it will be a contribution that helps the company to make the decisions related to ticket fare in the future. Apply the empirical study when analyzing the data collected from accounting records and questioning the pricing process. The main conclusions are the estimated costs used to determine the ticket fare because the journey does not start yet. Therefore, the contribution profit also estimates. The company uses the percent of the fullness as a basis for distributing the costs and determining the cost average per seat for different types of passengers. The ticket fare depends on the compound costs. Otherwise, the company does not price each implemented trip separately. It determines the price for a specific line trip according to the average cost concerning the same line trip. The ticket fare will be the same for all the implemented line trips during a particular time, without paying any attention to the other factors that affected the ticket fare as the timing of the trip, the timing of the booking, and the weather conditions.

Keywords: Pricing, Ticket Pricing, Flight Travel Costs, Accounting, Cost Accounting.

http://dx.doi.org/10.47832/2717-8293.1-3.22


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