Fair Fares

Fair for our planet. Fair for you.

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The Problem...

According to Forbes, one out of every seven travelers has recently missed a flight (Stoller, 2019). This statistic translates to over 100 million travelers who have missed flights in the American commercial aviation industry alone. As a result, every vacant seat on flights represents an inefficient use of non-renewable resources as well as financial loss for customers.

Among these missed flights, American Airlines accounts for 28 million travelers, contributing to a significant loss of consumer value. When we crunch the numbers, this amounts to a staggering $10 billion in lost total ticket revenue.

The Solution: a Win-Win for Travelers and our Planet

Introducing Fair Fares, a sophisticated solution designed to mitigate traveler losses effectively. Fair Fares offers discounted tickets at the last minute, leveraging seats left vacant by travelers unable to make their scheduled flights. This innovative approach not only benefits both parties involved but also optimizes the utilization of flight resources, ensuring that no seat remains unoccupied.

Furthermore, implementing Fair Fares presents an opportunity for American Airlines to enhance its profit margins through this additional revenue stream. Delving into specifics, American Airlines stands to gain 30% of the reduced ticket price, while the remaining 70% is returned to the traveler. These fully-booked tickets are strategically priced at a discount to accommodate for their limited flexibility, offering a win-win scenario for both the airline and its customers. Alt text

Through simulated mathematical models, Fair Fares is projected to increase American Airlines' annual revenue by an estimated $6 to $8 billion. The vertical axis represents the cumulative revenue in billions, with the red indicating the data points for the year 2023, while the blue signifies the anticipated revenue growth facilitated by Fair Fares (Rajwani-Dharsi, 2023).

Considering the carbon footprint of massive passenger jets, it is vital to ensure that a maximal amount of passengers are on a given plane. If there are empty seats then the per capita toll to humanity is far higher than if the plane was completely full. Airplanes are never going to go anywhere so it is vital that we maximize their capacity in order to reduce the toll on the environment.

How we built it

Fair Fares is powered by React and supported by Google Firebase on the backend.

Challenges we ran into

Efforts to integrate American Airlines' flight data API yielded limited correlation for its utilization. Consequently, we opted to model our data based on sample data from previous years.

Accomplishments that we're proud of

We are proud of how dynamic and detailed our user-interface looks with only 24 hours of work!

What we learned

We learned how to integrate different React components together to create a smooth user-experience. We additionally had more practice implementing database technologies.

What's next for Fair Fares

We plan to implement AI modeling to better predict patterns in which travelers may choose to resell their flights, reducing the trade-offs for both customers.

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