Do you dream of traveling the world, but feel like it’s impossible because it’s so expensive? You might be in luck.
Cheap Flight Day falls on Aug. 23 and is a time when you can buy airline tickets with discounts as high as 30 percent, according to a CheapOair press release. If you do some research, you can find the cheapest flights and save hundreds on airfare.
What is Cheap Flight Day?
Aug. 23 marks the changing of seasons for airlines. With fewer travelers taking flight, airlines offer steep discounts to attract customers.
“As summer quickly comes to a close, so does the busiest time of the year for travel,” said Sanjay Hathiramani, global SVP of supplier relations for CheapOair, in the press release. “Kids are back to school, the weather starts to cool down, and people are gearing up for the holidays. As the demand for airfare decreases, so do the fares.”
While some airlines do offer special deals on Aug. 23, Cheap Flight Day really is the start of the off-peak season. Fares are expected to stay low until late November when holiday travel begins. Booking now for travel later in the year can result in hefty savings.
Just how good are the travel deals?
The savings can be dramatic. If you have always wanted to travel to Spain, airfare to Madrid can be discounted by over $250. Flights to the Philippines can have $300 or more shaved off the usual price.
While domestic flights tend to have smaller discounts, there are plenty of deals out there that can help you stretch your travel budget further. For example, if you’re flying to Los Angeles, you could see a 27 percent discount.
In addition, some airlines are making Cheap Flight Day their own Black Friday:
- Frontier Airlines: The budget airline is offering the cheapest flights of all the companies out there. Book Frontier Airlines flights to select destinations for $20.
- Southwest Airlines: Southwest Airlines is holding a flash sale today through tomorrow morning where you can book a one-way ticket for as little as $40. The $40 rate only applies to certain flights, but they’re offering other discounts for flights across the U.S.
- WOW Air: WOW Air is relatively new to the U.S., flying out of just 12 locations. To celebrate its recent expansion, WOW Air is offering international flights for as little as $99 starting today.
How to get the cheapest flights
Before booking a flight, make sure you do the following to get the best deal:
- Use flight comparison sites: Use sites like Kayak to compare flights from multiple carriers at once. You’ll be able to find the cheapest flight that works for your schedule.
- Book one-way tickets: Instead of buying round-trip tickets, compare the prices for one-way tickets for each leg of your trip. Different airlines might offer better prices for only a portion of your travel, so you might save more money by booking tickets with two different airlines.
- Book as soon as possible: While Cheap Flight Day signals the start of the lower-price season across all airlines, the special sales offered by companies like Southwest Airlines are time-sensitive. You have to book right away to get the prices listed above.
- Check for more deals within 24 hours: While you should read the fine print before buying a ticket, some airlines allow you to cancel your flight and get a full refund if you contact them within 24 hours.
Traveling on a budget
As vacation season winds down, airlines will be competing heavily for customers. For you, that’s a good thing. They’ll have to offer steep discounts in the next few months to fill their planes, enabling you to score the cheapest flights.
If you’re looking for more travel tips, visit sites that help you find cheap plane tickets.
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To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
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4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
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