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Proscrastinate at your financial peril if you’re buying holiday air tickets

Post by John Gillie / The News Tribune on Oct. 11, 2011 at 2:01 pm with No Comments »
October 11, 2011 2:32 pm

A major reduction in the number of airline seats during Thanksgiving week this year will translate into higher fares and less favorable routings, warns farewatcher FareCompare.com.

U.S. airlines will have some 600,000 fewer seats available during the third week in November, said the Web site. That’s a 3 percent reduction from Thanksgiving week 2010.

Every day that you delay in buying your Thanksgiving week tickets, the site warns, you’ll pay about $5 more for your ticket.

The same situation is likely during the Christmas season as airlines learn to discipline themselves to protect their fares and profits.

On average, that reduction in inventory will translate into tickets about $40 higher than travelers were paying last year, said FareCompare CEO Rick Seaney.

Airlines are putting fewer planes in the air this year because the economy is still showing signs of distress and because fuel prices are pinching airline profits, the FareCompare chief executive said.

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