So mark your calendar: According to Google, the optimal time to book a flight for the weekend before Christmas 2023 is in the first few days of November. That huge seven-week shift is actually a course correction, explains James Byers, group product manager for Google Flights.
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Set your calendar for early OctoberFor Christmas 2023, that means the typical low prices for airfare should occur around the first week of October through the end of the month. According to Google, Oct. 12 should have the lowest airfare for those who want to travel the Friday before Christmas (Dec. 22).
“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.”
It mostly comes down to supply and demand. Demand is contributing to higher prices as travel continues to surge post-pandemic, Berg said. Sustained strong demand in 2023 continues to put additional pressure on prices, especially to and within regions where travel has only recently reopened like parts of Asia.
We know you want to fly out on Dec. 22 or 23 and return for work on the 26th … but so does everyone else. And the airlines know that. They're some of the busiest travel days of the entire year, so those itineraries around Christmas are almost always the most expensive fares you'll find in December – or the entire year.
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.
This high demand is one factor driving the rising costs, with passengers willing to pay higher prices and many airlines still not back to running their pre-pandemic number of flights. Mr Boland said huge demand for holidays have combined with inflationary pressure to create a “perfect storm of spiralling costs.”
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.
“If it's an off-peak season — not middle of summer, Christmas or New Year's — then booking about one to three months in advance is typically when cheap flights have the highest likelihood of popping up,” he said. “When you're talking about international travel, two to eight months in advance.”
Timing plays an important part. Specifically, plane tickets usually don't get cheaper closer to the departure date. Instead, flights tend to be the most inexpensive when you book between four months and three weeks before your departure date.
Generally, you should book domestic flights one to four months in advance. For international flights, you should book at least six months in advance. You'll want to give yourself more time for research for the latter than when traveling on domestic itineraries.
According to Going's analysis, travelers want to look for the so-called Goldilocks Window (not too early, not too late) to get the cheapest airfare. For domestic flights, Keyes said that's one to three months in advance for off-peak trips and three to six months for peak-season travel, such as Christmas and New Year's.
Tuesdays and Wednesdays are the cheapest days to fly domestically. The cheapest days to depart if you're flying within the U.S. are midweek — generally Tuesday or Wednesday. For economy tickets, Tuesdays are about 24% lower than peak prices on Sundays, which translates to savings of about $85 per ticket.
The airfare component of the consumer price index fell by 8% month-on-month in June, and a whopping 19% year-on-year. Why it matters: The massive spike in airfares that we saw in the spring of 2022 really does seem to have been transitory.
Average fares are currently 36% higher than they were 12 months ago. (Adjusting for inflation, airfare is up 24%.) In 2023, I expect that to reverse and year-over-year fares to fall.
By flying out of an airport that's not as busy or choosing a destination not as popular with tourists, people can save money on their trip. Travelers can also save cash by being flexible with dates, especially when booking for midweek or offseason vacations.