20% of 18 to 29-year-olds traveled by plane at least once a month during 2017, according to Statista. Meanwhile, 9% of individuals aged between 30 and 59 years of age boarded a plane at least once every month. Regular flyers are starting to feel the financial burden of exploring the world, though.
Throughout, September, four of the country’s major airlines increased their checked baggage fees. And, with the holiday season just around the corner, ticket prices are expected to soar, too. However, with these top tips, you can get the best value airfare and make money from your flight.
Change your location
During the first quarter of 2018, three airlines reported a fuel expense increase of between 25 and 26%. This led the CEO of American Airlines to warn travelers that airfares are likely to increase. Therefore, frequent flyers will soon see their travel costs rise.
However, one way to beat the price hike is to change your point of sale location to one within your destination country. According to The Huff Post, you can save hundreds per flight by doing this. This is particularly beneficial for frequent flyers who need to regularly monitor their cash flow due to the costs associated with traveling. It’s not uncommon to borrow cash to fund trips. Therefore, Being able to save cash on each trip will help to cover any repayments you have.
Be credit card savvy
If you’ve got the option to pay for your flight with either a credit card or debit card, you should always opt for a credit card as you’re covered for chargebacks. You should also make sure that you have signed up to the best travel credit cards before proceeding with your transaction.
Pay with the right credit card and you’ll earn cash back or points on your flights, onboard entertainment, food and drink and all the other purchases you make on it during your trips. Therefore, flyers who hit the skies multiple times a year will soon see the financial benefits of paying this way.
Volunteer your seat to make cash
If you’re solely flying for leisure purposes and don’t need to arrive at your destination by a set time, consider volunteering to give up your seat. Airlines frequently overbook seats as it maximizes their profit and covers them in the event of passengers failing to show up.
However, overbooking can result in them needing to shift passengers to alternative flights. By volunteering to do this, you’ll be financially compensated, so it can be particularly beneficial if it doesn’t interrupt your travel plans. According to Time, Delta airlines are most likely to reward compensation, with 10 passengers out of every 10,000 typically compensated.
Recurrent flyers can get more for their money when traveling so long as their smart with their booking. By volunteering to give up your seat on an overbooked flight, changing your booking location and being credit card savvy you can make cash on every journey you make.