What is the elasticity of domestic air ticket in South Africa?

The elasticity of domestic air ticket prices in South Africa typically indicates how sensitive consumer demand is to changes in ticket prices. Generally, the demand for air travel is considered to be price inelastic, meaning that significant changes in price result in relatively small changes in the quantity of tickets sold. However, specific elasticity can vary based on factors like economic conditions, competition, and the availability of alternative transportation options. Overall, understanding this elasticity helps airlines in pricing strategies and revenue management.