WHEN WILL AIRLINE PRICES DROP?

6/20/2022

If you've been waiting for those cheaper airfare prices, you may soon be rewarded with the fall prices of travel. Our friends at Centrav and Wall Street Journal are tracking prices and finding that gap between summer travel and fall travel will be wider than usual.

According to the flight and travel tracker app Hopper, the average price for a round-trip domestic flight is around $298, compared the summer highs of over $400. How does this compare? Normally, the difference between summer and fall prices sits between 10%-15%, however this fall we could see price drops of up to 26%. Before we start thinking everything is going back to 'normal,' we also need to remember that these fall prices are still roughly 19% higher than they were back in Fall of 2019, before the COVID19 pandemic began.

If you're looking at International Travel this fall, you'll be please to hear that prices are also dropping at some major hubs like London and Amsterdam. Travel in September and October can be up to 25% price difference than it was earlier this summer, according to flight tracking websites like CheapAir.

GREAT TIPS TO KEEP IN MIND

Track your prices: While summer prices and price tracking were outliers, the fall should bring back some of our usual trends. This means that prices should drop steadily up until 20 days before travel, when prices will start to climb quickly. While waiting can save you money, make sure that you are tracking the prices so you know when to act quickly.
Keep flexibility in mind: If you are able to be flexible with your travel dates, you may be rewarded. Weekdays tend to be at lower cost that weekends, even during the fall. Also, booking flight times earlier in the day may provide a great buffer in the even of those pesky delays and flight cancellations.