Airfare price elasticity over non-business passengers

In recent years, the air travel has become the most popular mean of transportation all around the world. As the safest mean of transportation, people go for air travel more each day to have the most suitable trip to their destination with less hassle of long hours of trips through other means. With such a rapid growth demand in recent years, there have been major impact on the supply and demand diagram for the tickets in different time where has left a necessity of a new look toward the ticket market. Here in this paper we want to have a short analysis over this market and want to go through the behavior of the customers and their response to this market. We analyze some important parts in deciding the ticket price from both business runners and the customers and try to And the equilibrium where the most profit goes for the both sides of this interaction. This analysis tries to define some important factors that can affect customer´s attitudes to the price of the purchasing ticket and in turn how this behavior can affect price elasticity.