Passport Premiere, the international business class advisory & fare monitoring service, detected a business class “flash crash” with One World carriers. During this event, business class fares plummeted to multi-year lows in a matter of minutes. On September 8th, 2015 business class fares between several U.S. cites & Europe fell to just $717 round trip + taxes For example, at 4:30 P.M. eastern time business class fares between Los Angeles & London for travel any time in 2016 started at $2,803 + taxes. One hour later, business class fares had fallen to just $717 round trip.
For 10 hours, business class fares between most U.S. cities and Athens, London, Geneva, Milan, Paris, Rome or Zurich were selling for no more than $908 + taxes. The ‘$908’ fare may be symbolic of its September 8th release date (i.e. 9/8/2015). Deep discounts were available on flights operated by American Airlines, British Airways, Iberia & USAirways. Travel was permitted any time after October 1st, 2015 through 2016. Fares were even REFUNDABLE less a $500 penalty.
Savvy travelers using Passport Premiere’s FARE MONITOR service were able to capture this business class buying event before normalized fares were restored at approximately 2:00 A.M. on September 9th, 2015. Business class fare crashes have dominated international premium cabin travel in 2015. In March, American slashed business fares between Washington & Beijing from $5,430 to just $40. In April, business class fares between New York & Paris fell from $5,600 to $474 overnight. A shortage of buyers willing to pay inflated fare levels continues to cause fare corrections to destinations worldwide.