SuperMoney logo
SuperMoney logo

Why Are Flights So Expensive? (Plus a Great Hack to Find Travel Deals)

SuperMoney Team avatar image
Last updated 01/31/2024 by
SuperMoney Team
Summary:
Flights are expensive due to inflation, increased fuel costs, and high demand. Booking strategies, such as choosing non-stop flights and timing of the booking, also significantly impact airfare prices. Understanding these dynamics can help travelers find cheaper options, such as opting for layovers and avoiding peak travel times.

Get Competing Personal Loan Offers In Minutes

Compare rates from multiple vetted lenders. Discover your lowest eligible rate.
Get Personalized Rates
It's quick, free and won’t hurt your credit score

Why are flights so expensive now?

There are multiple reasons for this, and a lot depends on where you live, where you fly to, and how flexible you are with dates and times. Flight prices have increased mainly since the pandemic, now that people are no longer restricted from flying. This price surge can also be attributed to worldwide factors affecting the airline industry. Let’s take a look at the primary reasons behind the rising cost of air travel and explore ways to navigate these challenges for more affordable flights.

1. Inflation

Inflation hits hard, impacting every sector, and the airline industry is no exception. Rising fuel costs, increased labor expenses, and added fees for amenities contribute to higher airfare prices globally.

2. Distance and fuel cost

The distance you fly also influences the cost of your ticket. Longer flights require more fuel, so as fuel costs rise, airfare prices increase accordingly. Monitoring fuel prices can be one indicator for finding cheaper airfares.

3. Non-stop vs. layovers

Opting for non-stop flights may offer convenience but comes at a higher cost. Flights with layovers can be more economical, saving money on air travel while adding a bit of extra travel time. But if you opt for a layover to save money, be sure you have enough time between flights so you don’t miss your plane.

4. Booking day and time

The day and time you book your flight can significantly impact the ticket price. Sundays are often considered the best day to book flights, and booking early in the morning typically yields cheaper fares. However, it’s important to note that plane fares fluctuate constantly, so it is possible to find affordable fares on most days depending on where and when you’re flying.

Pro Tip

“One industry insider tip I can give is to always browse in incognito mode when buying tickets for your next trip. This helps avoid potential price hikes based on browsing history. And with that, don’t rely on a single website but research other booking platforms. Just as with hotels – flight prices vary greatly between the various booking platforms.” — Justin Albertynas, Ratepunk

5. Flight day and time

Similarly, the times and days you choose to fly can also affect ticket prices. Flying on specific weekdays and avoiding peak travel times can save you around 15% on airfare. Generally, flights during mid-week (Tuesday and Wednesday) will be less expensive than flying on a Friday, for example, when people are looking to get away for the weekend.
You may also save money on the time of day your flight leaves. Early morning flights and red eyes, for instance, aren’t the most popular times to fly, so you may save a few bucks by choosing less convenient flight times.
However, being mindful of holidays and events affecting travel costs is important. If a major holiday or special occasion falls on a weekday, you will likely pay more than usual for flights around that time.

6. Booking far in advance or last minute

Finding the right balance between booking too far in advance and waiting until the last minute. For domestic flights, aim for one to three months in advance, while international flights are best booked two to six months ahead for optimal airfare deals.

7. Business travel routes

Business travel routes, often used by frequent business travelers, tend to be more expensive because airlines know that companies will pay higher prices to reach their destination for work. Consider alternatives like flying into smaller airports and renting a car for destinations served by busy business routes.

8. Flight demand

Higher demand for flights leads to increased airfares. Flying during peak seasons or to popular destinations can result in higher costs. Opting for off-peak times and less popular destinations can help secure better deals. Justin Albertynas, CEO of Ratepunk, recommends looking into flights to popular areas during the shoulder seasons.
To save on tickets, I suggest everyone try shoulder season travel! Shoulder season is the travel period between peak and off-peak seasons, typically characterized by fewer tourists, milder weather, and lower prices. A simple (internet) search will help you find the shoulder season for your destination.”

9. Airline competition

Competition among airlines is another factor that explains why flights are so expensive. More competition along a route generally leads to lower airfares. By comparison, flying to destinations with less airline competition tends to be more pricey.

10. The passenger fee

Finally, the passenger fee, aka the September 11 Security Fee, a small but contributing factor, is added to cover the TSA’s security costs. While it seems minor, this fee, amounting to $5.60 per one-way flight (or $11.20 for a round trip), adds up for every traveler.

Travel tips

A pro tip if you are looking for a bargain is to use Google Flights’ “Explore” feature. Google Flights offers an easy way to discover affordable travel destinations directly from your departure airport. By entering your departure location and travel dates, the app allows you to explore various destinations with corresponding flight prices without specifying a particular destination. This feature, coupled with customizable filters for budget and preferences, makes Google Flights a powerful tool for those seeking budget-friendly travel options and for travelers open to exploring new locations. Here is a step-by-step guide.
  1. Open the Google Flights App: Begin by opening the Google Flights app on your device or accessing it through a web browser.
  2. Enter Your Departure Airport: In the search field, enter the airport from which you wish to depart. You don’t need to specify a destination, which is critical to finding unexpected deals.
  3. Choose Your Travel Dates: Input your preferred travel dates. If you’re flexible, you can use the ‘Flexible Dates’ feature, which allows you to see the prices for different date combinations.
  4. Pick the ‘Explore’ or ‘Discover’ Option: Google Flights has an ‘Explore’ or ‘Discover’ feature that shows a map with various destinations and the corresponding flight prices. This option is handy if you’re open to multiple destinations and looking for the best deals.
  5. Adjust Filters: To narrow down options, use filters for budget, flight duration, and other preferences. The tool will adjust the destinations shown based on your preferences.
  6. Browse and Compare Destinations: The map and list will display various destinations with their flight prices. Browse through them to compare and find the most appealing and affordable options.
  7. Check Flight Details and Book: Once you find a destination and fare that fits your budget, click on it to see more details and book through the airline or a travel agency.
There are other actions that travelers can take to try and save money while traveling and/or get the best deals on flights.
  • Set up price alerts on travel websites for destinations you’re interested in visiting
  • Apply for a travel credit card to earn miles or points on everyday purchases, which can be used for future travel
  • Consider packing only carry-on luggage to avoid checked bag fees
  • If possible, be flexible about your dates and times of travel

Pro Tip

“Always do research on luggage policies when flying with budget airlines. They almost always vary between the airlines and can greatly influence your flight costs. Always remember to factor the additional baggage costs into the total cost.” — Justin Albertynas, Ratepunk

Will airfare go down in 2026?

Airfare may decrease in 2026, especially during less busy months like January and February. Passengers may see lower airfare rates during these periods.

Key takeaways

  • Competition, demand, fuel prices, and other factors can explain why flights are so expensive.
  • For optimal savings, avoid booking flights too far in advance or at the last minute.
  • Consider layovers for more affordable options.
  • Be mindful of the day, time, and season when booking flights.

Share this post:

Table of Contents