This is the date when airfare drops dramatically pretty much every year
Do you know the magic airfare day?
No kidding. There is one specific day when flight prices fall dramatically. That day is... drumroll please... Aug. 22. If you're planning a hop across the pond, the cheapest days to fly across the Atlantic begin on Aug. 21.
Why the big drop? The kiddos are back in school, so families are less likely to travel. This means airlines have to compete a little harder to fill those seats.
How big is the difference? I jumped on to Priceline.com to run a few tests. I priced out trips for July 25-31 and the same trips for Aug. 22-28. Each trip leaves on a Tuesday and returns on a Monday. Here are the rough averages.
Orlando to Los Angeles
July fare: $275
August fare: $182
Washington, D.C. to Denver
July fare: $354
August fare: $281
Tampa to Minneapolis
July fare: $538
August fare: $203
Chicago to Las Vegas
July fare: $361
August fare: $150
Wow. It's no joke. The smallest gap was from Washington, D.C. to Denver, and even that was a savings of $73 per ticket. If my wife and I wanted to hop a plane back to see our friends in Minneapolis, we could save a whopping $335 per ticket. That's like getting the hotel for free. No futon crashing for us!
If you don't have kids and are planning a getaway, consider pushing it back to late August or after. Fall prices tend to stay competitive until the holiday season rolls around in late November. Book early for a post-summer getaway to save big on your next vacation.
Tyler Omoth is a senior writer at The Penny Hoarder who loves soaking up the sun and finding creative ways to help others. Catch him on Twitter at @Tyomoth.
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