Rising jet fuel costs and the increase in travel demand are driving up airfares. According to IATA Jet fuel price monitor, prices are expected to rise by 5.0 percent compared to the previous months between June and December 2023
Based on Oafare flight calendar rate comparisons, round-trip airfare to Mexico and Central America for example was 17 percent higher month over month in November. Domestic airfares, meanwhile, we're 13 percent more expensive.
Clearly, Jet fuel apparently is set to be the second-highest expense for major carriers. Cost increases are generally passed along to consumers, as such, consumers should prepare to pay even more for flights this year. Have flexibility about where you go and when planning: Being flexible can help save money. Fly during off-peak times, consider less popular States and Countries, flying off-season can reduce the costs of airline tickets. “Seek out lower priced vacations and getaways.
Best day to find a cheap ticket? |
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Be flexible when searching for tickets
Two of the cheapest days of the week to fly within the U.S. are Tuesdays and Wednesdays. Considering abroad? Shoot for Mondays, there are always deals available, but you'll more than likely be able to locate a better airline ticket on Wednesdays considering you're planning to travel the following week or two. Flexibility on days you prefer traveling or more stopovers, although inconvenient, may be cheaper. Also, consider flying to a regional airport, chances are a better deal may be awaiting.
Book Ahead: Purchasing your ticket 90 to 260 days or more in advance will net you savings. Booking too late will likely cost you to the tune of overpaying. Paying a little more for changing your ticket at a later date in the event of some unforeseen incident may be something to consider or travel insurance as an option. Trip insurance for airfare is not highly recommended.
Things to consider when purchasing Insurance
However, for elderly people with a potential health issue it would make sense. Sign-up for travel deals alerts and Loyalty rewards programs. For example, with American, the more you fly, the more points you accumulate with their rewards program. Many credit cards allow customers to redeem points for flights. Rack up enough, fly for free.
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