Last-Minute Airfare Bargains

Standard travel advice is to plan ahead, book ahead, and get everything nailed down months before your departure. And generally, that’s good advice. As your travel date nears, rates will tend to creep up, so booking six weeks ahead will almost always save you some green.

But some of the best vacations are those that we don’t plan for. Surprise your spouse, and indulge your fun and adventurous side with a spur-of-the-moment trip to the warm, clear beaches of Bali, or a last-minute shopping spree in Hong Kong! And the good news is, last-minute trips don’t always cost more. And even better, sometimes they cost less.

Why do last-minute bargains exist?

It’s simple supply and demand. Prices are low six or more weeks ahead of departure time, then they gradually creep up as seats get sold. A week before departure, there are fewer seats, so demand is higher, and they will get sold for more. But a day or two before, the airline may still have some empty seats, and suddenly they face the possibility of unsold space. And so, the last-minute special was invented as a way of helping the airlines to make sure that every possible seat on the plane gets sold. Most airlines and travel sites have “last minute deals” advertised on a regular basis, so if you’re feeling adventurous and have a little flexibility around your vacation plans, keep a watch on these deals. Sign up for email alerts. And be ready to go when just the right deal presents itself.

It’s a Secret!

The airlines have last minute deals to make money, but at the same time, they don’t want them to be too widely advertised, lest too many customers wait till the last minute and stop booking ahead of time altogether. As a result, many consolidators and flight Web sites will offer these deals without revealing the name of the airline. The advantage is a remarkably cheap deal, but the downside is that you won’t know which airline you’re flying on until after you’ve already paid. But if you’re willing to take pot luck, then you can get the deals that nobody else can get.

A few caveats

Last-minute deals can be fun as well as cheap, but there are a few things to know ahead of time. Many of the departures may be mid-week, when the airplanes are less likely to be filled with customers paying full fare, and the fares may be non-refundable. And because you’re taking the leftover seats that haven’t sold, it is less likely that you’ll be able to sit together. You may be getting two single seats in the middle of the aisle, on opposite sides of the plane.