Author Topic: El Al Auctions - Bid2Fly - TLV to YUL and more  (Read 1715 times)

Offline shimino1

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #15 on: June 23, 2019, 04:27:47 AM »
They have New York/San Francisco/Mumbai/London/Hong Kong etc....this would mean that they are having issues everywhere.
Not necessarily.

If they have data from the last 10 years, they should be able to modal how many seats actually get sold at high prices in the few days before a flight. Assuming they can sell X seats at Y price that totals a greater number then the total for the expensive seats they would have sold = a greater total profit.

Don't forget that all these flights are sold as "light" fares which means LY will collect additional income from all the ancillary fees such as luggage, seating etc'

Lastly, not everyone is aware or has the patience to play the bidding game. If someone must fly on a given flight they will still likely pay the high price.

Therefore, LY can manage to capture the demand of those who will only fly at a lower cost without losing the extra revenue of those that are willing to pay the higher price. In economics there is a term for this and a way to show it on a supply/demand chart.

Offline travel agent

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #16 on: June 28, 2019, 07:22:58 AM »
They just added a new option for last minute flights. Flights within 48 hours are pricing at 100$+ to Europe and 500$ To SFO!
https://www.elal.com/he/Pages/Bid2Fly.aspx?utm_source=bid2fly&utm_medium=email&utm_campaign=last_mintue_bid2fly_18062019_outgoing_gen&cid=ch:ema|s:el|m:ema|cp:last_mintue_bid2fly_18062019|ct:outgoing|au:gen#bidflyer/auctions/

its not working since yesterday.

Offline shimino1

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #17 on: June 28, 2019, 07:56:39 AM »
its not working since yesterday.
+1
Talk about high tech.
On the plus side, the 48 hours somehow includes flights up to 4 or 5 days out so....

Offline moish

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #18 on: June 29, 2019, 03:57:29 PM »
Working now

Offline Ploni3

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #19 on: July 10, 2019, 08:21:02 AM »
Anyone had success with these bids? How much above the "reserve" price was necessary?

Offline yandmk

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #20 on: July 10, 2019, 08:25:00 AM »
Anyone had success with these bids? How much above the "reserve" price was necessary?
Plenty times. Rarely ever a lose. Only if you get "outbid" by 5 others.

Offline shimino1

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #21 on: July 10, 2019, 08:32:35 AM »
Plenty times. Rarely ever a lose. Only if you get "outbid" by 5 others.
Did you "price is right it"?

Offline yandmk

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #22 on: July 10, 2019, 08:38:22 AM »
Did you "price is right it"?
No. Don't really understand how that works.

Offline shaulyaakov

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #23 on: July 10, 2019, 09:06:35 AM »
"Price is Right" is completely irrelevant for an auction.

Offline Ploni3

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #24 on: July 10, 2019, 11:37:19 AM »
So where is the sweet spot to bid?  Reserve +$1?

Offline shimino1

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #25 on: July 10, 2019, 01:26:56 PM »
"Price is Right" is completely irrelevant for an auction.
No. Don't really understand how that works.
It means you offer $1 above the minimum rate and hope that many offer the minimum.

Offline shaulyaakov

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Re: El Al Auctions - Bid2Fly - TLV to YUL and more
« Reply #26 on: July 10, 2019, 02:14:56 PM »
It means you offer $1 above the minimum rate and hope that many offer the minimum.
But price is right only works when you know everyone else's bid. Someone could game that by offered $2 more than the minimum and so on.