Do you think flight prices will go down because of economy?

I am hoping that the economy scare will help lower the price of flights since people might not be traveling as much. What do you think? I have been waiting for my flight to Vegas to go down so I can be offically booked for my trip and it is driving me crazy.

Do you think flight prices will go down because of economy?

You are kidding, arent you?

Where planet are you from? Have you read a newspaper lately? Have you heard about inflation in recession times?

I am surprised that people still are planning trips to Vegas these days.

Geeeeeeee...

Do you think flight prices will go down because of economy?

It really depends on oil prices. Oil prices have been plumetting, so maybe the airline tickets will drop a little.

But i would not count on it. In fact, if anything its the opposite. During a bad economey the airlines are going to be looking to make extra money everywhere they can. Instead of cutting ticket costs, they simply drop flights. Which makes the average ticket cost go even higher.

Hi

Well here in the UK the head of BA has been saying that prices will rise in the near future. But saying that BA has a sale on at the moment, might even book for next May within the next week because the prices at the moment are very good, can%26#39;t see them dropping much, most probably increase if I leave it till January.

Clive

Well, if you see the stock market prices of

British Airways (ADR), I doubt it will be there next year...

Are you sure you want to buy an air ticket from them so many months in advance???

Good luck.

Funny you should ask that. We booked in July for about $185/pp RT from Denver which was up about $50 per ticket from the norm. The price rose recently to over $215. Yesterday I checked and it was down to $150/person. Because we booked Southwest we were able to rebook to take advantage of the drop (for free) and now we have a credit to use for a trip early next year :) One of the many reasons I love SWA is their liberal rebooking/cancellation with no fee policy.

I would think we would see a decline in hotel prices as that is what Las Vegas can control and hopefully entice people to still take vacations there. They need to maintain some kind of level of occupancy. With the losses the airlines have been absorbing, as well as high gas prices, I doubt we will see flight prices go down for quite some time.

The continuing decline in the price of oil will mean lower airfares at least through the end of this year (except of course flights on holidays.) Beyond that, nobody%26#39;s crystal ball is likely to be very clear.

uhhh UGA---did you see the inflation numbers released yesterday? price decrease .1%

might want to get your facts straight before you launch into hyperbole and make an enourmous fool of yourself.

Even with oil prices trending downwards, I don%26#39;t see the airlines suddenly dropping fares. Remember, they cut back on flights because they realized that flying leisure travlers around the country for $300 round trip was costing them money unless they can fill the rest of the plane up with business people paying $900 for the same flight.

It%26#39;s the business people who make the money for the airlines, and if they%26#39;re not flying as much the airlines have already shown that they would rather park the plane than fill it with cheap fares.

Sorry, IrishFan, but you couldn%26#39;t be more wrong. The business flyer, that used to be such a cash cow for the airlines in the 1980s, no longer exists. Business air travel has been in steady decline for a number of years now, with Internet technology offering a much more cost-effective alternative.

On the contrary, it%26#39;s the vacation traveler that airlines should be courting - but most of the airlines are still geared toward the business model of 20 years ago, and *that%26#39;s* why they%26#39;re losing money.

In any case, a decrease in oil prices means less expensive jet fuel, which means the cost of operating a flight is lower. While airlines are not obligated to pass this savings on to passengers in the form of lower fares, they all know that if they don%26#39;t, their competition will. So that%26#39;s why lower oil generally means lower fares, regardless of what else is going on in the economy or the industry as a whole.