An often disregarded, albeit central, aspect of the airline pricing's problem consists in assigning a fare to all the available seats on an airplane at the beginning of and during the whole booking period. We show how a flight's fare distribution is set in practice and how it changes over time...

To study dynamic pricing in airline markets it is essential to model the time variation of the distribution of fares that airlines assign to all the airplane's seats. We show how a flight's fare distribution is set in practice and its consistency with the properties of a theoretical model....