The best time to book the cheapest flights

Published on NewsOK Modified: April 30, 2014 at 4:28 pm •  Published: April 30, 2014
Advertisement
;

NEW YORK (AP) — Booking a flight is often confusing, annoying and frustrating. Prices fluctuate so frequently that most vacationers can't tell if they are getting a good deal.

We check multiple websites, often several times a day. Then, a few days after we finally do book that non-refundable ticket, there's a sale, confirming that we overpaid.

So when is the best time to book a flight? One travel site dug through the data and has an answer for us: 54 days in advance. Well, except there are plenty of caveats.

We'll get back to that number in a minute, but first a little bit about how the process works.

Airlines use sophisticated computer programs to analyze booking trends and constantly change prices to get the most money out of each flight. That's why two passengers in the same row might have paid vastly different fares, depending on when they booked. Complicating matters is a bevy of fees added to help the airlines offset higher jet fuel prices.

That's why booking at the right time is so much more important today. The average cost of a roundtrip domestic ticket — including baggage and reservation change fees — grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.

That brings us to 54 days.

For a study published in February, booking site CheapAir.com looked at millions of trip combinations, searching as far as 320 days in advance to one day prior to departure and every possible day between. That's 1.3 billion airfares. The result: 54 days in advance was the best time, on average, to buy domestic tickets. This is not a hard-and-fast rule, however.

Airfares to popular vacation destinations tend to go up sooner. So flights to Phoenix, San Diego, Orange County, Calif., as well as Ft. Lauderdale, West Palm Beach, Pensacola, and Orlando in Florida were actually cheapest 75 days in advance, according to CheapAir's study. For Las Vegas, it was 81 days and for airports in Hawaii it was 87 days.

Confused yet? That's why CheapAir tried to simply things and come up with a more-general rule: The prime booking window is 29 to 104 days before departure.

That fits with a report that the Airlines Reporting Corp, which processes ticket transactions for airlines and more than 9,400 travel agencies, including websites such as Expedia and Orbitz. That 2012 study found that the optimal time to book is about six weeks in advance. Fliers booking then paid about 5.8 percent less than the average domestic fare.

Now, here's some bad news: The formula is completely different for those peak travel periods when everybody wants to fly. So, if you still haven't booked your flights to Europe for this summer, forget about it. The best time to buy those, according to ChaeapAir, was a whopping 319 days in advance.

Continue reading this story on the...