The holidays are quickly approaching, and that means people are planning Christmas vacations and trips to visit family.
In fact, 25 million people were expected to travel via airlines during the Thanksgiving holiday alone last year. And with so many passengers traveling, airline tickets can be expensive. Not to mention getting a good deal becomes much more challenging.
Yet, learning how to get the cheapest airfare can be a huge help financially. Especially since airfare is often the most expensive item on your travel budget.
If you are able to get cheap holiday flights, you can free up more money for gifts or pocket the savings for a rainy day. Luckily, there are ways to cheat the system and get the best deals possible this holiday season.
How to save money on flights
When it comes to getting discounted fares, timing is everything. And when you book your airline ticket can make the difference between getting a great deal and overpaying for a seat.
When to book your flight
If possible, book your flight weeks in advance. According to CheapAir, who evaluated millions of flights last year, you will get the cheapest rates if you book 47 days in advance of a domestic trip.
When you select a particular flight number, check how full the plane is by looking at the seat map.
If the aircraft still has plenty of seats available or it’s an unpopular flight–such as an early morning departure–the prices will likely go down later to attract new customers.
Conversely, if the plane is full, the prices are not likely to drop, so you should seal the deal and book quickly. And if you are getting down to the wire and are within two weeks of your flight’s takeoff, the price is unlikely to drop at all.
This is especially true in November and December near the holidays. Demand is high, so airlines rarely discount the seats. So make sure you book the lowest rate you can find as soon as possible.
The best day to buy a ticket
Many airlines announce sales and drop prices late Monday night, so Tuesday mornings are usually the perfect time to score the best deal.
If you are unable to monitor pricing from your desktop, sign up for an app like FareCompare. It can help you figure out how to get the cheapest airfare on the go.
And, FareCompare will even send you text or email notifications when flights in your intended route go on sale at the moment. So you can act fast and grab a good deal as soon as it pops up.
Buy one-way tickets instead of round-trip
While it is more time-consuming, you can save hundreds of dollars by booking each leg of your trip individually, rather than booking a round-trip with one airline.
That way, if an airline has a great sale for your departure date but a high price on the return trip, you can score a deal with another carrier.
Kayak is helpful for simplifying this process. They also provide Hacker Fares with their results, which identifies the cheapest airfare from different airlines for every leg of your journey.
Fly at specific times to get cheap holiday flights
Besides when you purchase your tickets, the time and day of the flight can make a significant difference in price.
Business travelers typically fly at the beginning and very end of the workweek, so fares tend to be much higher. Consider skipping these high-traffic times during the holiday season and save money instead.
The middle of the week tends to be the best, with most travelers avoiding early morning flights. If you can get up in time for a 6:00 a.m. flight, you can get a big discount.
Other undesirable flights include flyovers and overnight trips, so airlines often reduce those fares, too.
And try to give yourself some wiggle room around the holidays. The average airfare around Thanksgiving last year was $397 in October, while the average Christmas flight cost $476 during that same time.
If possible, leave a few days ahead of the holiday and potentially cut your airfare in half.
Don’t be loyal
While frequent flyer miles and reward credit cards can be helpful, being loyal isn’t how to get the cheapest airfare.
Around the holidays, airlines actively compete for customers’ dollars. So you can save a lot of money by shopping around.
Use price comparison tools like Priceline, Expedia, or Kayak to find the cheapest flights from various airlines. They sometimes have offers for users you would not be eligible for if you booked directly through a specific airline.
Book your flight now
The holidays are just around the corner. And since it’s one of the most expensive times to travel, the airlines are in a fierce battle to attract travelers.
Luckily, their competition can make it possible to get a great rate on your airfare. And right now is the perfect time to get the lowest rates on your trips.
So do your homework, compare rates, and check fares on different airlines to get the best prices this holiday season.
Interested in a personal loan?Here are the top personal loan lenders of 2018!
|Lender||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Payoff.
3 Important Disclosures for FreedomPlus.
4 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
5 Important Disclosures for LendingPoint.
6 Important Disclosures for LendingClub.
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105.
†Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at reviews.lendingclub.com
**Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary.
7 Important Disclosures for Earnest.
8 Important Disclosures for Avant.
* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.
** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.
|7.73% – 29.99%||$1,000 - $50,000|
|6.26% – 14.87%1||$5,000 - $100,000|
|6.99% – 35.97%*||$1,000 - $50,000|
|5.99% – 24.99%2||$5,000 - $35,000|
|4.99% – 29.99%3||$10,000 - $35,000|
|5.99% – 18.99%4||$5,000 - $50,000|
|15.49% – 34.49%5||$2,000 - $25,000|
|6.95% – 35.89%6||$1,000 - $40,000|
|6.99% – 18.24%7||$5,000 - $75,000|
|9.95% – 35.99%8||$2,000 - $35,000|