Is This The Right Time To Book Your Flight? US Ticket Prices Are Falling

Share the article

Last update 9 minutes ago

Since the pandemic, travelers have been affected by an increase in airfares as a result of many factors. From rising fuel prices to additional taxes, commuters never seem to get a break. While airlines have definitely done well in recent years in terms of growth prospects, the passengers are owed a win.

According Hopper, in May 2022, the airfare was about 18% higher than in 2019. For international travel, the airfare shot up over 22%, showing round trips for around $1,000. Unfortunately, for most of us who book these international trips, this has become the norm.

However, thanks to the release of a new report, it seems there is finally a silver lining! Due to price drops in recent months, now may be the best time to search for cheap flights while planning your next trip.

Is this the right time to book your flight? US ticket prices are falling

The newest one federal inflation report published this week shows that between June 2022 and 2023, average flights fell below 18.5%. At close to 19%, this is a significant decrease in prices and some hopeful statistics for avid travelers.

From March to April, flights have already begun to fall by 2.6%. From April to May the decreases continued, reaching 3%.

Between May and June of this year, the flights have already Decreased its price by approximately 8.1%. This is one of the largest month-over-month declines reflected in the report thus far.

Keep in mind that flights are flights, and not all airfares will see a significant drop. While holiday weekends and popular routes will continue to have higher prices, be sure to track your routes using google flights to be aware of any decreases.

If you’re the ‘go with the flow’ type and are contemplating a trip in the next few months, now might be the best time to book. The popular trend of « last minute deals » is making a comeback.

As we head into the summer months, we are seeing a downward trend in prices if you plan to travel within a few weeks or a month.

Many of these flight reductions are made for the purpose of traveling at the last moment.

Top 5 Travel Insurance Plans for 2023 from $10 per week

Depending on the day of the week and month, domestic flights within the US are down (with some domestic routes showing round-trip costs under $100).

Next week’s flights from New York to destinations like Salt Lake City, Nashville or Detroit are under $200 round-trip right now. (Cheaper than usual for this time of year, and these areas).

A round-trip flight from Boston to New Orleans in August can be found for less than $120: which hasn’t been seen in a long time. If you’ve booked your summer travel with flexible booking, now might be the time to rebook at a lower rate if possible.

On the other side of the pond, international flights have remained fairly stable in terms of prices. However, the big changes come from domestic travel within Europe. Low-cost airlines are the option this summer, with some flights costing less than $50.

Keep an eye out for airlines like Aer Lingus and Icelandair, who consistently make sales throughout the year, both domestically and internationally. If you’re lucky, you might be able to catch a cheap route from the US to popular European spots at the last minute.

While a monthly decline of 8.1% certainly sounds promising to us, socialites, the game of airfare still comes down to luck and timing. While the new report shows a general decline in prices, it is still important to monitor changes and track routes.

Cheap flights are still very much alive and kicking, just waiting for the right person to jumpstart them. The travel market is constantly changing, so now is the time to explore.