Although you might have heard about the lower prices for flights on Tuesdays, these days, there is generally agreement that there is not one day of the week when you can get good deals on flights. If you are wondering why the flight prices are lower on Tuesdays, ticket prices are around $50-$70 different than they are the day before. Yes, the flights prices drop Tuesday mornings, as well as Monday nights, because airlines create their entire price charts for the whole week according to availability of seats, as well as by looking at competitors pricing strategies. Flight prices often drop Monday evening or Tuesday morning, but it is not unusual to see it change several times prior to departure.
Airlines adjust their flight prices according to market demand, and mainly drop prices when demand is lower on the route. Airlines routinely adjust their flight prices throughout the week, depending on competitors prices and other factors, and this is done in order to maximize profits and to maximize number of filled seats. Airlines often change the prices of flights to maximize profits and fill more seats. If demand for flights increases, airlines increase ticket prices in order to fill their aircraft at maximum per-ticket profit.
If demand for a flight is low, and there is a lower capacity, the airline will lower the price of tickets to entice more people to buy. When airlines believe there are fewer people wanting to fly, they lower prices, while when demand for flights is high, airlines raise prices. Depending on the demand of a particular route and date, airlines can raise or lower ticket prices. The average price of tickets generally increases when travel dates are approaching, rather than decreasing, because airlines are trying to fill seats.
The lowest average ticket prices for international flights were found at 171 days prior departure. One frequent flyer found the ticket price of a particular flight changed 135 times in the space of 320 days. When airlines initially accepted reservations, ticket prices were usually $50 higher than when a passenger would have waited until a lower price became available. Some experts claim that the first drop in the price of airline tickets occurs months before the flight is scheduled.
Flight prices can drop multiple times in the period from when a flight is offered to when it is scheduled to depart. Choosing a particular time of the day to fly can also lead to varying prices. Perhaps you are thinking about booking the flight on another day because you might be able to get the plane on the budget fare. According to experts, the best day of the week to book your flight is supposed to be Tuesday.
Tuesday may be the cheapest day to book flights, but people may also want to look at other weekdays to find cheaper rates. While, yes, there are cheaper flights on Tuesdays, one can often find cheaper flights on Wednesdays and Thursdays.
Some experts say if you are looking to book a budget flight, you should buy it Tuesday afternoon. Do not assume that you will get a better price for a flight simply because you are booking it on a Tuesday evening. Know your airports, as well as prices for getting to and from these airports, and you could be saving much more than if you booked on a specific day.
Whether you are buying your flight for when the destination you are traveling to is not in season, or deciding to fly in mid-week rather than on a weekend, buying your flight during an off-peak time is the surest way to get rewarded with a great deal. The truth is, you can find a great flight deal any day of the week.
According to the travel booking website Hopper, flying in the middle of the week will get you the best prices, and Tuesdays and Wednesdays are usually the least expensive days to fly domestically. CheapAirs analysis found that Tuesdays and Wednesdays are generally the cheapest days to fly, with January generally having the best flight deals, followed by February; flying prices rise considerably in the summer.
Flight tickets are about $70-$73 cheaper on Tuesday or Wednesday than they are on other days, according to various data sources. Airlines usually post their discounted prices, sales, and deals on Monday nights, making the tickets cheaper on Tuesday.
This is purportedly due to most airlines dropping their weekly deals prices on Monday night, leaving ticket prices moderate for Tuesday. Well, most airlines release their new ticket prices on Monday night; they then all begin a scramble to make their prices more competitive. Before, this was easier, everyone knew that they could score a cheaper plane ticket on Tuesday, but now, there is no obvious time to get a cheaper ticket.
While flying Tuesday through Thursday is usually cheaper, airlines will not cut off fares for people buying tickets those days of the week. Tuesdays are the least common times and days people travel, so airlines typically offer a low fare in an effort to fill seats. Travelers often find their lowest ticket prices on flights departing Thursdays or Fridays.
While we do still find deals for flights over holidays, the best thing to do is to avoid holiday travel in the midst of the busy season, and look at moving flights earlier in December or later in January. If you are looking to book a flight home for Christmas, for instance, it is probably best to avoid waiting until Tuesday afternoon if you can see a manageable price, since those flights are typically highly sought after.
While the best time to book your flight is typically a month to two months out for domestic travel, and eight months out for international travel, there are a number of factors that can drive up (or down) airline ticket prices. Flight prices fluctuate all the time, and although you have the best chances to score a bargain in a given window of time (generally 2-4 months out, as mentioned above), there is no magical day when prices suddenly go down. An analysis from CheapAir found the average purchase of tickets was almost identical every day of the week, while Hopper found that Tuesday was the cheapest day to purchase airfare on only 1.6% of domestic routes.