Released: October 16, 2009

Holiday airfare is soaring daily

Source: Michelle Higgins, N.Y.Times (Free Registration)

Last year, procrastinators were rewarded when they finally got around to booking flights for holiday travel. Back then, airlines were not prepared for the sharp falloff in travel and offered last-minute deals to fill up empty planes.

This year? Dilly-dallying, even waiting just a few days, could carry a steep price. Fares, though still lower now than at this time last year, are rising each day, a trajectory that began more than a month ago.

In the last week alone, overall fares for Thanksgiving travel rose 6 percent, according to Bing Travel, part of Microsoft’s search engine. Ticket prices for the most popular itinerary, departing Wednesday, Nov. 25, and returning Sunday, Nov. 29, are up 10 percent in the last week.

Read Full Article: Holiday airfare is soaring daily