TLDR;
This article discusses the optimal times to book flights to secure the best deals, based on a report analyzing a year's worth of flight data. Key findings include that Friday is the cheapest day to fly, August is the cheapest month to travel, and booking 15 to 30 days in advance can lead to savings on domestic airfares. The article also advises considering factors beyond timing, such as airport location, travel rewards, and price-tracking tools, to maximize savings.
- Friday is the cheapest day to fly.
- August is the cheapest month to travel.
- Booking 15-30 days in advance can save money on domestic flights.
- Consider all costs, including transportation to/from the airport.
- Use price tracking tools and compare points versus cash.
When to Book Flights for the Best Deals
New data from Expedia's report analyzing a year's worth of flight information indicates that timing significantly impacts airfare costs. The report identifies Friday as the cheapest day to fly, potentially saving travelers around 8% compared to flying on Sunday, which is the most expensive day. August is highlighted as the cheapest month for travel, with average flight prices being approximately $120 less than in December, the priciest month. Additionally, the months of July, October, and November are noted for offering more discounted flights.
Sweet Spot for Booking
According to Expedia travel expert Melanie Fish, the ideal booking window for domestic airfares is 15 to 30 days in advance. While booking closer to the travel date might offer savings, it also carries the risk of limited availability for desired flights and seats. This strategy is best suited for travelers with flexible travel plans. If travel dates are fixed, such as for a specific event like a birthday, the window for potential savings becomes much narrower.
Additional Ways to Save
Beyond timing, the article suggests several other strategies to save money on flights. It advises doing the full math to ensure that a cheaper flight from a more distant airport doesn't end up costing more due to transportation expenses like rideshares or tolls. Comparing the value of using travel rewards points versus paying with cash is also recommended. Lastly, utilizing price-tracking tools and setting up fare alerts can help travelers monitor price changes and make informed booking decisions.
