Is airfare expected to go down?

It's likely that domestic airfares will continue to sink through the rest of 2023, says Keyes. But prices still tend to run higher in peak holiday periods. To watch for low fares, you can enter your itinerary at sites such as Google Flights and Kayak and receive e-mail alerts when prices drop.



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Finding the cheapest day to fly usually falls mid week on Wednesdays, but can just as easily fall on any other day of the week based on demand. Time of year also is a huge factor on ticket prices, as traveling during low or off peak seasons will see prices drop for flights.

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It's ideal to search for airfare at these moments: International airfare: 6 weeks ahead. Domestic airfare in summer: 47 days ahead. Domestic airfare in autumn and winter: 62–69 days ahead.

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There's no sugarcoating it: Airfare is expensive. And while waiting until the last minute might sound like a good idea, it typically is cheaper to book your flights in advance. We are seeing fewer last-minute deals than in years past, especially when it comes to flights, a Kayak spokesperson tells Travel + Leisure.

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Tuesday Around Midnight is the Cheapest Time to Book
In general, flights were slightly cheaper at midnight earlier in the week (Monday through Wednesday). However, this is only applicable to about 1.6% of U.S. markets, meaning that it's not likely you'll find the same savings on your specific route.

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At midnight, fewer people travel and there is low last-minute reservation so to fill them, they release multiple offers. With these discounts, you can set aside some amount.

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Spring break. For domestic flights in March and April, Google said, prices are typically lowest 23 to 59 days before departure, hitting their lowest price 38 days out. Summer vacation. For domestic flights in July or August, prices are typically lower 14 to 44 days out, hitting rock bottom 21 days before takeoff.

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Flying at unpopular hours, such as the red-eye or early in the morning, instead of the late morning through afternoon, increases your chance of getting the best deal. Recent statistics showed that flights leaving before 09:00 are cheaper than any other time of the day.

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Of course, airfares saw an especially large spike last year as travelers returned in droves to take all those revenge travel vacations (even if airlines and hotels weren't ready for them). That spike in demand without the matching spike in supply, some say, led to higher prices.

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Expedia's report also notes travelers can look forward to a 3 percent decrease in booking airfare in 2024, compared to the higher prices of 2022.

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Time your booking right
“For domestic flights, if you're talking peak season, it's about three to seven months in advance,” he says. “For international flights — [it's] four to 10 months.”

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Now, the day of the week you choose to travel does make a difference in the best time to buy flights. In 2023, the cheapest day of the week to fly is Wednesday. Flying on Wednesday will save you almost $100 versus Sunday – the most expensive day to fly.

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Moreover, peak travel seasons and major holidays can also cause a surge in ticket prices due to increased demand. Understanding these elements can help passengers strategize their flight bookings for cost efficiency. National average cost of a domestic plane ticket is $382 dollars as of Q1 2023, according to the BTS.

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While there can be a fair amount of price fluctuation several months before travel, once you get within a few weeks of your flight, that airfare is very unlikely to come down. The reality is that last-minute offers just don't come around as often as travelers may think.

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Berg says the general rule of thumb is to book your flight three-to-five months out from your departure date. For your summer travel, that means as early as January, which Berg says is one of the best months to snag a good deal. January is one of the cheapest months to buy flight tickets, she tells TODAY.com.

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How often do airlines update airfare information online? The airlines update fare information 3 times a day. They do not necessarily change airfare prices all three times, but they certainly can, and often do.

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Remember: Don't wait too long to book your flight in hopes that fares will keep dropping. A little over a month before your trip may be the sweet spot for finding the lowest price. But if you haven't booked your flight within three weeks of your travel dates, you're most likely going to wind up paying more.

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In this post
  1. Ignore the Cheap Flight Myths.
  2. Keep Your Plans Flexible & Book Your Flights First.
  3. Flying Direct Can Cost More Money than Time.
  4. Book Cheaper Flights By Traveling at the Right Time.
  5. Sign Up for Discount Flight and Cheap Airfare Notifications.
  6. Start Your Search with Your Best Friend, Google Flights.


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Why are flights so expensive in 2023? Flights cost even more in early 2023 than they do now. Factors such as fuel costs, staffing shortages, aging IT infrastructure and hidden fees all contribute to expensive flights in 2023.

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