Flight prices are expected to drop significantly in August and into the early fall following a very busy — and expensive — summer travel season.
According to Hopper, domestic airfare is expected to drop 25% in August, compared to its peak in May of this year. In fact, the average airfare price will decrease to $286 this month, or 3% lower than this time last year, and remain at or below $300 through September.
The decrease is attributed to several factors, including a drop in demand after Hopper said many people “exhausted” the pent up post-pandemic travel demand with summer vacations.
“Flight prices drop seasonally in late August through mid October, as demand tapers off following the peak vacation months in May, June and July,” Hopper wrote in its findings. “The drop this year is larger than usual as a result of the abnormally high summer prices and earlier peak