Finally, a professor works out the Ryanair website
But now, a new hero has emerged who can help us save money on our cheapo flights. His name is Claudio Piga, an economics professor from Keele University, and he’s devoted his life (well, some of it, anyway) to working out what the **** is going on with Ryanair’s ever changing prices.
Once it was thought that if there was an Easterly wind, you could get a return to Barcelona El Prat for £32.99. But if it blew from the West, they were £89.99. However, Piga has found an actual pattern, and has discovered that tickets are cheaper exactly TEN DAYS before your journey.
He also said that fares were bumped up by a shocking 50-75% in the last few days before departure, making last minute ‘bargains’ an impossibility. Planning ahead is a waste of time, too. If you book seven weeks in advance, you’ll pay more.
Of course Ryanair know that you might either want to book your holiday in good time, or do it on a whim at the last minute. But nobody has ever bothered to work out that low cost airline prices form ‘a U-shaped temporal profile.’ Until now.
Piga will present his findings – which are basically scientific proof that Ryanair are rip-off merchants – at the Royal Economic Society in Manchester this week. A Ryanair spokesman, of course, came out and said that the findings were ‘hopelessly inaccurate’ and that they sold tickets on a first come, first served basis.
Hmm. But who is more likely to be telling the truth? A learned professor of economics, or Michael O’Leary?