Some experts say that spike in demand without the matching increase in supply led to higher prices. October 2023 vs. September 2023 (MoM). Up 3.8%.
Why are flight prices so crazy right now?
The flight shortage, of course, drives up prices. But increased demand for air travel compounds the problem. More people are shopping for fewer flights, which means airlines can get away with charging more. For the first time since 2020, there is a population ready, eager and able to travel.
Why is airfare so expensive right now?
What is the best day to buy a plane ticket?
According to a recent study by Expedia, the cheapest day to book flights is Sunday. When comparing Sunday flight prices to Friday, Expedia found that travelers save 5% on domestic flights and 15% on international flights. For the past four years, Sunday has been the best day of the week to book flights.
What is best day to get a good price on a flight ticket?
Book airfare on Sunday.Data shows that, at least a good part of the time, booking airfare on Sunday is cheaper than other days of the week. If you have the option to shop for travel at any time, waiting until Sunday could yield 5 percent to 15 percent in savings.
How do you know if a flight is going to get cheaper?
If the price is high and your flight is pretty empty, you can choose to wait a week or two to see if prices decrease. Consult resources like Kayak's fare chart and Bing's price predictor to see if your flight's price is likely to go down. Put a fare alert on a few different airlines.