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This Friday, August 23rd is “Cheap Flight Day.” Is it Worth the Wait?

an airplane flying in the sky

Over the years, people have come up with a “day” for every day of the year. Case in point, this Friday, August 23rd, is:

But for travel enthusiasts, August 23rd is also National Cheap Flight Day.

History of National Cheap Flight Day

National Cheap Flight Day began in 2015. It’s historically known as the day airlines drop their prices, based on the fact that, since kids have either returned to school by late August (or soon will), the autumn travel season, which has lower demand than the summer season, begins at that time. Lower demand equals lower prices, right?

Except it’s not that simple.

Sure, flight prices are partially based on supply and demand. So when kids start heading back to school, prices historically drop because you’d be getting into “lower demand” season.

But it’s not as if prices suddenly fall like a stone. You may start to see some flights drop a little. $10 here. $20 there. But if you’re expecting that flight to Japan to be $100 suddenly, you will be disappointed.

Then when is the best time to buy flights?

“Everyone wants a golden rule for when to book flights for the best price,” Hayley Berg, who works as lead economist at Hopper, a travel app that predicts cost for flights and hotels, told TODAY.com last year.

“The reality is that the best time to book a flight depends on a number of factors, like where you’re flying to, the dates, if you’re flying with stops or without, what cabin class you’re considering, etc.”

Scott Keyes, founder of Going (formerly Scott’s Cheap Flights) suggests that the best time to book flights around what he calls the Goldilocks Window: one to three months ahead of domestic flights, and two to eight months in advance if you’re looking for a long-haul/international flight. “For peak seasons like Christmas or mid-summer, add a few months extra—three to seven months for domestic, four to 10 months for international,” he adds.

Some tips to find the best prices

These ideas are just for finding cheap flights, not necessarily how to get the cushiest first-class seat for the lowest price (because if you’re a travel geek, you probably already know how to do that anyway; you don’t need me to teach you anything, LOL).

What other tips are there? What did I miss?

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This post first appeared on Your Mileage May Vary

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