It's National Cheap Flight Day, When Plane Ticket Prices Drop

American Airlines Boeing 787-8 Dreamliner aircraft as seen after takeoff flying in the blue sky. The wide body passenger airplane is departing from the Greek capital, Athens International Airport ATH LGAV with destination Philadelphia in the United States. The commercial jet plane has the registration N806AA. American Airlines is the worlds largest airline by fleet size and passengers carried. The airline has headquarters in Fort Worth Texas and is a member of Oneworld aviation alliance group. Athens airport had an increased number of transatlantic flights in 2021 connecting to the United States despite the Covid-19 Coronavirus pandemic. The aviation industry and passenger traffic is phasing a difficult period with the Covid-19 coronavirus pandemic having a negative impact on the travel business industry with fears of the deteriorating situation due to the new Omega variant mutation. Athens, Greece on October 2021 (Photo by Nicolas Economou/NurPhoto via Getty Images)

If you just bought plane tickets yesterday, get ready to kick yourself…

Today is National Cheap Flight Day, when ticket prices tend to start dropping ahead of the holidays.

Gas prices are down from earlier this summer, which helps. But it’s mainly because kids are back in school, so the summer travel season is over.

Airlines like to keep flights as full as possible to maximize profits. So historically, August 23rd is when they tend to start cutting prices to increase demand.

A website that tracks this stuff says prices peaked around June 15th. And by the end of July, they’d already dropped 20%.

They should dip a little more by the end of August, but they won’t be too cheap for long.

They usually start to go back up around the end of September as we start gearing up for the holidays.

(GlobeNewswire)