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Buying plane tickets can be exhausting, often involving extensive research on fluctuating airfare prices that seem random. This confusion stems from dynamic pricing, influenced more by artificial intelligence than actual costs. The history of commercial aviation began over a century ago with the first scheduled flight by British Overseas Airways, where fares were set based on distance rather than demand. This system, characterized by a lack of competition due to single national carriers, resulted in uncompetitive ticket prices. However, the 1978 U.S. deregulation of the airline industry transformed this landscape, allowing for more competition and fluctuating prices based on consumer demand rather than solely on distance.
