Are you planning to purchase airline tickets this summer? Wait until after June. Airfares are expected to begin dropping to seven-year lows, according to Hopper, a travel app that analyzes flight data to predict airfares.
Hopper predicts that airline ticket prices will reach their lowest seasonal levels since 2009. Flight prices this summer will be down 12 percent from last year and more than 20 percent from two years ago. Ticket prices are expected to peak in June, at $240 for an average domestic ticket, and decrease throughout the summer.
Here is Hopper’s six-month forecast for consumer airfare:
May 2016 $233
June 2016 $240
July 2016 $224
August 2016 $211
September 2016 $207
October 2016 $206
And if you’re really looking to save money on airfare, consider visiting Brazil. Hopper says Rio de Janeiro and Sao Paulo are the top destinations most likely to experience price drops. The top domestic destinations most likely to drop in price on Hopper are Miami, Philadelphia, and Houston.
There are other ways to save on airfare. Flying on Tuesdays, Wednesday, and Saturdays typically scores the lowest fares. It’s also important to time your ticket purchases. The most expensive day to purchase a ticket is the day before the flight, but buying tickets seven months in advance can also cost more. Most airfare experts recommend buying tickets 50 to 100 days before travel, and one recent analysis determined that 54 days out is the ideal time to purchase a ticket.