The Best Times to Buy Flights

Getting a bargain on plane tickets requires advance planning. (Photo: Stephanie White/Photodisc/Getty Images )

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Getting a bargain on plane fare may seem like trying to pull a rabbit from a magician's hat, but more strategy is involved than magic. Flexibility and understanding the reasoning airlines use in setting fares also helps. With a bit of advance planning, it's possible to purchase a seat at the lowest possible price.

Time of Day

The time of day can make a significant impact on the price of your plane ticket. In general, airlines offer their cheapest flights during business hours, when value-minded business travelers are booking flights. The best single time and day to book a flight is 3 p.m. Eastern time on Tuesday, according to Rick Seaney, CEO of FareCompare. Early morning or late-night flights are less popular, and therefore cheaper. Purchasing a so-called "red-eye" flight may also save you money.