Airfare prices expected to drop August 21

Anyone who has flown recently will tell you how expensive flights in the US have become. Prices have continued to rise and according to an article in the LA Times, prices for domestic airfare rose almost 5% in the first 3 months of the year.   This comes after airfares rose more than 8% in both 2011 and 2010.

However, it looks like domestic airfares are expected to drop between 10% – 20% starting August 21st.  If you are planning a trip and can hold off until the price break you could end up saving yourself a bit of money. You can read the full article here in the LA Times.