Airfare Enters Its Cheaper Era

Airfare Enters Its Cheaper Era

Domestic, and even some international ticket prices, are finally cooling down ... but it won’t last very long

Cheaper airfare era

There’s finally some good news for travelers in a hot, crowded, expensive summer: Airfare is starting to cool. According to a travel report from Hopper, the price of a domestic flight is expected to drop 2% in August for an average of $267. That's down 11% from last year and 2019, and a decrease of more than 14% from the roughly $300 people were paying for round-trip flights over the Fourth of July weekend. The not-so-great news? It isn't expected to last.

“We're expecting the cost of domestic airfare to level off this August,” Hayley Berg, the lead economist at Hopper, told Travel + Leisure. “For those looking to book an upcoming trip, the early fall 'shoulder season' can often be one of the cheapest times of the year to travel and you'll experience less crowds as kids head back to school.”

InsideHook reports that people are booking fall trips to cities like Orlando, Miami, Las Vegas, Boston and Los Angeles. As for international destinations, Cancun is currently the most popular with a flight average of $288 round trip. But why? Well, typical seasonality is a big factor, but there are more forces at work. Fares have been falling considerably as airlines added capacity to U.S. routes, jet fuel prices dropped, competition increased and travelers shifted to more global getaways.

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