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Looking to travel this summer? Well, you’re in luck. Airfares will be going down — a bit — just in time for summer vacations. It’s not all that much, just $2.01. But it’s a big shift in pricing trends, which have steadily increased over the past few years.
For those traveling domestically, the average roundtrip domestic ticket this summer, including taxes,will be about $454, down less than a percent from last summer. The biggest savings will come for travelers abroad. Europe-bound passengers will pay three percent less than last summer, with an average ticket priced at $1,619, or $50 less than 2015, according to a report by the Airlines Reporting . That company processes ticket transactions for airlines and travel agencies such as Expedia, American Express and Carlson Wagonlit.
But don’t celebrate just yet. There are some destinations that are going up, among them, New York, Denver and San Francisco. In Europe, it depends on the destination. Amsterdam, London, Budapest, Lisbon, Frankfurt, and Reykjavik will cost more. But that still leaves Paris as a choice.
Flights to Hawaii, Florida and New Orleans will be cheaper.
“Prices are coming down because airlines are now saving billions of dollars thanks to lower fuel prices and because more seats have been crammed into planes, spreading out costs over more passengers. European economic troubles are also keeping some seats empty as business travelers stay home,” reports Business Insider.
Still, tickets remain higher than in 2012. The average domestic roundtrip ticket is still $13, or three percent, higher than it was three years ago. European trips are $60, or 3.9 percent, more.
Do you have any travel plans?
