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Buying plane tickets can be exhausting, as many spend hours searching for flight deals due to perceived randomness in airfare pricing. This fluctuation is driven by dynamic pricing, influenced by artificial intelligence rather than just costs. Commercial aviation began over a hundred years ago with regulated fares based on distance rather than demand, resulting in uncompetitive prices due to a lack of choice. However, deregulation starting in 1978 transformed the market, allowing competition and changing the way airfares are structured, leading to more variable pricing based on supply, demand, and other factors.
