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Flight pricing question

Hello all :)

A month ago, booking a flight to NY from the UK in May cost about £360. Booking the same flight today now costs £460.

However, some flights for later this month are about £300. Many are available at this price. I think as low as £290.

Now, my question is, will the flights in May go down in price a couple of weeks before fly date? Or is it something to do with the months themselves? Or are they likely to go up even more the closer it gets to May?

I would have liked to have booked last month, but even now I'm only 90% sure I can travel on the dates I want to. If I can get a flight cheaper by waiting I'll do that.

PS. Never flown before - a little nervous!

Comments

  • cubegame
    cubegame Posts: 2,042 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Opinions differ. Some people say they will go up. My experience shows they can go down.

    Try and find out how many seats are available on the plane, which you should be able to do on the airline websites (try the American version if the British one doesn't give this info). If there are lots they will probably reduce the price.
  • aerostar
    aerostar Posts: 1,738 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do not forget that there are seasonal changes to prices, currently we are in the winter season where there is not a big demand, it then changes end of March to the Spring season where demand is higher, so normally prices will be higher, then you get to the peak season during summer, and you don't look at the prices !. If there are not that many passengers booked on a specific flight, the airlines may well reduce the price to encourage passengers. Totally it is a black art, there seems to be no definite rules.
  • signol
    signol Posts: 336 Forumite
    If a flight is not selling as well as the airline might like, they may release more cheaper seats to encourage more passengers. After all, 20 more passengers paying £100 each get the airline more money than 1 more passenger paying £200...

    signol
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