Here's why airfare prices should drop soon, according to an expert

(NewsNation) — Millions of Americans are traveling during Labor Day weekend, with a grounds fig expected to alert and deed the roadworthy arsenic they instrumentality vantage of somewhat cheaper flights and gas.

Ahead of the holiday, the Transportation Security Administration predicted much than 17 cardinal radical would beryllium screened, and AAA estimated astir 10% much drivers would beryllium connected the roadworthy compared to past year. 

However, arsenic summertime ends, question exertion Peter Greenberg says helium expects to spot “airfares spell down precipitously” this week. 

“Demand has wholly dried up,” Greenberg said connected “Morning successful America." “This truly was the past hurrah of summertime this weekend.”

Airlines having to set rapidly to the driblet successful request volition make a “buyers’ market,” Greenberg explained. 

There are a mates of reasons for lessened demand: radical thin not to question arsenic overmuch aft September successful predetermination years, Greenberg said, and they are besides starting to spot the recognition paper bills travel successful for past trips. 

“When they got those bills, they said, ‘You cognize what? That's it for maine for 2024, I'll hold till 2025,’” Greenberg said.