Monday, February 9, 2009

Airfares Spiral Downward, Temporarily

In the midst of so much dire economic news, there are some bright spots for travelers. An analysis by FareCompare.com, cited in USA Today, reveals some fares are down more than 50 percent from last winter and are much cheaper than they were in summer 2008, when airlines introduced hefty surcharges because of high fuel prices. Airlines are responding to the drop in passengers that has occurred as Americans have cut back on travel. They are hoping the price drop will entice travelers to take to the skies with renewed zest.

The USA Today story states that cheap airfares are currently available for travel through May and answers the eternal question of when to book a flight with a resounding "now." Aviation consultant Michael Boyd warns airlines will likely make successive flight cutbacks in reaction to the dwindling number of passengers over the next few months—his prediction is that the low fares available now will have disappeared by July.

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