Soaring Savings: How Airfare Prices Are Taking a Dive in 2024

In this episode of PennyWise, host Nat Cardona takes off with NerdWallet's travel expert Sally French to explore the surprising trend of dropping airfares in 2024. Despite the inflation affecting almost every corner of the economy, travelers are seeing a welcome decrease in ticket prices, especially for international flights. From a nearly 12% drop for South America-bound flights to a 7.5% dip for Asia, the reasons behind these savings are just as intriguing as the destinations themselves.

Tune in as Sally explains how increased competition, new routes, and the resurgence of budget airlines contribute to these cost cuts. Learn why now might be the ideal time to embark on an international adventure and how strategic booking can maximize your savings. But it's not all clear skies – the episode also touches on the rise in baggage fees, a balancing act airlines are performing to keep base fares low. Whether you're a seasoned globetrotter or a first-time flyer, this episode is your boarding pass to understanding the current air travel landscape and how to navigate it penny-wise.

Remember, while airfares may be falling, don't wait to book your flight – planning ahead is key to keeping your travel budget grounded. So fasten your seatbelt and get ready for takeoff with PennyWise, where we help you fly smart without breaking the bank.

Episode References:

Nerdwallet | https://www.nerdwallet.com/

Delta Airlines | https://www.delta.com/

Norse Atlantic Airways | https://flynorse.com/

American Airlines | https://www.aa.com/

Episode summary created by https://headliner.app

PennyWise is a show about money, personal finance, investing and travel. Hosted by Nat Cardona, the program features a variety of financial experts who can help save you money.