Take a Trip This Summer: Lowest Airfares Since 2009
Have you caught the travel bug? If so, we have good news for you!
According to the airfare prediction app Hopper, the summer of 2016 will be the lowest airfare people have seen in the last seven years. Airline tickets purchased in advance are likely to be down 12% compared to last year, and down 20% from 2014. The average fares this summer are estimated to drop down to $211 by August.
The drop in ticket prices can be linked back to lower jet fuel prices. However, even if prices start to rise, flyers don’t have to worry- the cheaper fuel prices lead to increased industry capacity and competition, which will continue to push down airline travel prices. In the event that there is an extreme jump in jet fuel prices, which is not likely at the moment, then and only then are ticket prices expected to rise.
All the major airlines are reporting record profits thanks to billions of dollars in fuel savings. Lower fares are being reported across the boards, with the expectation that they are not likely to rise until sometime next year. With that being said, there’s no better time than now to pack your bag and hop on the next flight to your dream destination!
Are you trying to land the cheapest flight possible? Here are a couple tips:
- Sundays are the most expensive day to fly in the summer, followed by Friday.
- Flying on a Tuesday or Thursday will allow you to find the cheapest fares.
- The cheapest days to fly this summer are July 26th and August 31st.
- When searching the web for tickets, turn on private browsing. That way, airlines are not able to track your activity and raise the prices based on the demand.
- Looking for legroom? Jet Blue is the most spacious, checking in at 34”, followed by Virgin America and Southwest offering 32” to stretch out in.
- Flights to U.S. cities such as Atlanta, Orlando, Dallas, Chicago and Seattle are among those expected to be on sale this summer.