2023: Fall from the PeakAs we left the highs of 2022 behind, a trend began emerging in flight prices. Airline tickets, especially for domestic routes, started witnessing a downward trajectory. This culminated in June 2023, with a marked drop in domestic ticket prices, offering some relief to travelers.
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If you're traveling during an off-peak season, you're going to want to look at airfares one to three months in advance for domestic flights, and two to eight months ahead of the flight for international trips.
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.
But even compared to pre-pandemic prices, airfares are lower. Average U.S. airfares are more than 6.5% lower in September 2023 than they were in September 2019, meaning prices aren't just lower than they were last year, but even lower than what they were pre-pandemic.
There are far fewer seats available than before the pandemic, as airlines have struggled to return to normal capacity. There aren't enough planes or pilots. We are also seeing increased demand. All of it adds up to higher prices.
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.
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.
To avoid a potential price increase, it's best to book your flight far ahead of time instead of waiting till it's closer to your trip. Google says that if you're booking a domestic flight, the prices are generally at their lowest between 21 and 60 days before your trip.
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.
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.
Typically, the best time to book a flight is one to two months out for domestic trips. And for international flights, the best time to book is six to eight months out. However, there are many factors that can lead to an increase (or decrease) in the price of an airline ticket.
Expedia and Hopper do note that prices will likely reach their maximum in June and decrease throughout July and August, so look for late-summer travel to find the best deals on airfare.
According to a recent study by Expedia, the cheapest day to book flights is Sunday. When comparing Sunday flight prices to Friday, Expedia found that travelers save 5% on domestic flights and 15% on international flights. For the past four years, Sunday has been the best day of the week to book flights.
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.