Airfare is up 25%, but it’s still ‘the golden age of cheap airfare’ says founder of Scott’s Cheap Flights

Airfare is up 25%, but it’s still ‘the golden age of cheap airfare’ says founder of Scott’s Cheap Flights

According to the Bureau of Labor Statistics, airline prices have gone up 25% over the last year. Cheap flights aren’t gone forever, but they’re gone for this summer with a rare exception.

If you have been looking into booking a flight for a summer vacation recently, you know that airfare has gone through the roof. According to the Bureau of Labor Statistics, airline prices have increased 25% over the last twelve months, including the largest single-month increase since 1963.

A flight to Europe for the price of a month’s rent is brutal for someone hoping to book their first summer vacation in years. Scott Keyes, founder of email newsletter Scott’s Cheap Flights, says that the recent increase in airfare is not a sign that you will never be able to afford a vacation again.

He says not to read too much about expensive flights this summer and to fall into a sense of fatalism about airfare. Cheap airfare is still a golden age.

Demand for airfare has bounced back from the lows of 2020 and 2021, due to the loosened travel restrictions. Keyes says that people looking at costs for flights this summer may be getting the wrong idea.

People are shocked at how expensive summer flights are, but they don’t think it’s expensive. It is not that last minute flights are expensive. He says that there isn’t a spike in travel demand that makes everything worse. They think that cheap flights are over.

Helen Zhao is the person in the video.

A return to normal means buying a ticket a month or two out to the hottest travel destinations during the hottest travel season is once again coming at a premium. If you zoom out a bit, you can still find cheap flights to Europe and the West Coast after Labor Day.

Cheap flights aren’t gone forever, but they’re gone for this summer with a rare exception.

When it comes to airfare that is similar to what travelers were paying before the Pandemic broke out, Keyes says we should be so lucky. It had never been possible to reliably fly to Europe for less than $400 and South America for less than $300. The type of fares that were common before the Pandemic. We can only hope it will continue to be the case.

If you can’t find a deal on summer travel, when should you book your flight? Keyes calls the Goldilocks window for airfare, which is the period in advance of travel when cheap flights are most likely to pop up.

For domestic flights, one to three months is most probable. He says it will take two to eight months for international. If you are traveling during a peak travel period, like in the middle of summer, you should add a few months to the window.

Helen Zhao is the person in the video.

If you want to travel in the fall, now is the time to book. You don’t have the same level of demand and competition as you would in the summer, so you have a little more flexibility.

He says you need to be flexible to score the best deals during a less competitive season. It is an extremely wide distribution. There are a lot of cheap flights and a lot of expensive flights in this golden age. Being patient when fares are expensive and remembering to book when fares are cheap is what it is about.

To cast a wider net, use online search engines to search multiple dates. Don’t be afraid to search for the same routes and destinations multiple times. Keyes once put the idea that airlines are tracking your searches to the test by searching for a single trip from Denver to London hundreds of times, only for the price to not budge.

He says that if anyone were to see fares changing because of search, it would be them. There isn’t any truth or validity to it.

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