Flight prices are constantly changing, often for unknown reasons to the average traveller. Not only are operational costs a big factor (the price of oil leads to changes in airfares), the availability of seats remaining on the flight as well as any external competition will also heavily influence changing prices. Whilst fluctuating ticket prices can sometimes seem almost impossible to predict, there is a logic to these changes which can help you access the lowest fares.
The early bird catches the worm
Take advantage of earlybird sale fares by booking your flights as far out as possible – the longer you have, the more available options you have to choose from. As a plane has a fixed number of seats on board, the first available tickets are offered at a lower price. Last-minute flyers often pay a premium price for a ticket as they don’t have the flexibility of waiting for cheaper deals.
Types of Tickets
Ticket prices in, for example, economy can widely fluctuate due to their fare classification. The cheapest tickets come with the most restrictions with regards to cancellations and changes. It’s always a risk you take by nabbing the cheapest ticket with the strictest rules – this might bite you later if you need to change your flight day.
On flight routes that are in high demand, one airline might have a sale and therefore competing airlines will also have to drop their prices. Otherwise they risk not filling their seats and therefore not covering costs. (If you’ve just missed an airline sale fear not, there is a high chance competing airlines will respond within days).
I hope these tips have shed some light on airline ticket fluctuation so you can have the best chance of getting a cheap deal!