The secret to cheap flying is out
There is a price war in the domestic aviation market. And, you, the consumer, is the real winner. But how do you get the best deal in a fire sale. Here are a few tips
That’s right. Spot rates (for immediate travel) are usually 2-4 times higher compared to ticket rates a few months earlier. And this is advisable even to the business class travellers.
Why do airlines like advance bookings? This is part of their yield management. Only the first few seats (15-20) are offered at the lowest rates and then they keep on increasing the fares. They keep the last few seats for the spot customers and charge very high rates from them. Corporate customers who travel at the last minute and pay the maximum price are subsidising customers who book early.
Use calendar spreads
The rates offered by airlines keep varying. Monday morning flights to major cities are costly. This is because of the heavy rush of business travellers at the start of the work week. Similarly, there is heavy outbound rush from cities on Friday evenings and this pushes up the rates. Leisure travellers can avoid this rush and save money.
Book tickets on Tuesdays and Thursdays as they are usually cheaper on these two days of the week.
Festival day booking
Book on the day of the festival, in case you have to travel the same day. This is because most travellers want to reach the home / tourist destinations before the festival and, therefore, the rates are a bit cheaper on the day of the festival.
Go for combo offers
The commonest combo offers are the return trips. However, if you want to cancel your journey, some airlines may force you to cancel the return as well. Therefore, go for the combos only when the return fare is offered at a significant discount. Next in line are hotel-plus offers.
Wait for offers
Travellers have to plan in advance and then wait for promotional offers. Though offers pour in almost on a weekly basis, travellers have to act fast to benefit. Since offers are available for a few hours, they (travellers) have to get the information fast (by signing up for mobile apps, email alerts, SMS alerts, etc.) and also to make up their mind and take action immediately.