September 13, 2018
Labor Day Flights Expected to Be the Cheapest in 4 Years
If you’re looking to take a late-summer break, you'll be happy to hear
that Labor Day flights are expected to be the cheapest in four years,
according to Hopper, a travel app that forecasts flight prices.flight search real timeOn average, domestic airfare prices around Labor Day weekend are
expected to be around $255 this year. In 2015, domestic airfare for that
weekend averaged $294, according to Hopper.
According to its Labor Day Air Travel Forecast, which Hopper released
Wednesday, trips to the southeast from all other parts of the country
will have some of the best bargains, with round-trip flights to Fort
Lauderdale, Fla., Myrtle Beach, S.C., Orlando, and Atlanta averaging
around $200.The low-fare prediction for the Labor Day holiday follows a
summer in which the average price for domestic and international airfare
has also been the lowest in years, mainly due to the competition the
major carriers are feeling from low-cost airlines.
Not even a significant increase in the price of fuel, which happened
just before the busy summer travel season, did much to boost the price
of an airplane ticket.
"Oil is getting expensive again, but no one wants to be the first to
raise prices,†says Patrick Surrey, chief data scientist at Hopper.
Another reason prices have stayed low is that airlines, especially
low-cost carriers, get more of their revenue from fees, which shield
them from fuel price fluctuations, according to Jay Sorensen, president
of IdeaWorksCompany, an aviation industry consultant. So when fuel
prices rose, carriers could continue offering cheap airfare, Sorensen
said.
Posted by: shinenewstop at
09:49 AM
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