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Ever since flying became a popular form of transportation, people have been in a tizzy trying to figure out the theory behind the airfare prices. Plane tickets are one of the few purchases that you can make where the price depends on when and where you bought the ticket. On any given flight, there can be a significant range in the price of tickets that people have paid to be on the exact same flight. This is because many of the airlines are apt to use complicated formulas to set their ticket prices, which are based on the anticipated number of passengers and several other factors. With a vast range of ticket prices available for any given flight, how do you make sure the guy next to you didn't pay less than you did?

When planning your next trip, you should already have preferences as to which airline you'd like to use, based on past experiences, such as frequent flyer programs, and so on. But for most people, the price is the deciding factor when it comes to finding the right airfare package for them. Here is a tip and suggestion to help you find the lowest airfare for your trip.

Plan in Advance. The more time you have to plan and book your flights, the better chance you have of finding a low rate (especially for high-demand times like holidays). Airlines like to reward advance bookings because it helps them plan their flight schedules, so the best fares are usually 21 days in advance of the departure date. If you are past the 21-day lead-time, try to book 14 days in advance, as many airlines will base their fares on this timeframe. You can also choose to Stay Over because your flight will be cheaper if you stay at your destination over a certain period of days; staying over a Saturday night prior to your return flight usually offers the biggest discount.

 

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