A recently published study by Travelocity.com reveals that finding cheap airfare to Europe will not be a reality this summer. The major US airlines – including American, Delta, and Continental – are charging 13 percent more (based on an average of domestic and international flights) for travel in the high summer season.
Industry experts maintain that pent-up demand for travel, after last year’s recession cut-backs, and fewer flights (with a consequence of fewer seats) have restored pricing power to the airlines. They will not need to discount their fares this summer to fill their planes.
Last year, fares fell about 11 percent due to decreased demand for flights. In response, the airlines cut back their schedules, thus reducing the supply of flights. These factors have contributed to this year’s higher costs and the lack of cheap airfare to Europe for the peak summer season (the end of May through the beginning of September).
If you’re limited to vacationing in the peak summer months, consider traveling to an international destination in the southern hemisphere where the weather is mild and airfare is priced for the lowest season. AirBank has some amazing rates for cheap airfare to Australia, starting at $809 round trip, including all taxes and fees.
If your heart is set on a vacation to Europe, try to wait until mid-September for your trip. You’ll find cheap airfare to Europe more prevalent as your travel dates move from the high summer season to the more moderately priced shoulder season.