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Whether planning necessary travel in the near term or fantasizing about vacationing in the ever-longer term, you might be curious how the coronavirus pandemic has affected airfare prices.We compared data from our points and miles valuations analysis to determine where and how airfare has changed since this time last year. We looked at the same routes, airlines and booking time frames for both 2019 and 2020, ensuring an apples-to-apples comparison.Although air travel has picked up significantly since the lows in April, the Transportation Security Administration is still reporting about 63% fewer daily screenings than this time last year. Has this drop in air travel demand led to a significant price drop?The short answer is: Yes, prices have fallen.Prices have dropped, but mostly in the short termThe average cost of a domestic round-trip ticket fell 23% in 2020, from 7 in 2019 to 4.This price drop is striking but not surprising given continued low demand. But the trend becomes stronger when breaking out the booking date data, with those made within 15 days dropping much further than bookings made six months in advance.The plot thickens.Airfare for long-term bookings has remained flat year over year. If you book a flight for six months from now, you’re likely to pay roughly the same price as you would have last year. But closer-in bookings, within 15 days, are not only far cheaper than they were in 2019 but also cheaper than long-term bookings.This turns conventional airfare-booking wisdom on its head. Usually, we would recommend booking flights as far ahead as possible to secure low fares. But booking too far in advance is now a recipe for getting fleeced.? Learn more: How to plan holiday travel for maximum flexibility in 2020What’s going on?The management of supply and pricing is usually an exquisitely orchestrated dance in which airlines ensure that every flight is filled to near capacity and every price is competitive. This usually means ramping up prices for nearly full flights at the last minute, when competition becomes stiffer.However, now that demand has dropped and airlines are actually falling over themselves to reduce flight capacity, the game has changed. Airlines are now competing with each other for last-minute bookings, which drives down prices. And they seem to be making up revenue by raising prices on longer-term bookings made by those few brave souls willing to plan in advance. In other words, it’s a buyer’s market for close-in bookings.Of course, these pricing dynamics, like everything this year, are liable to change by the week. If you’re thinking about booking a particular route, set up a price alert on Google Flights or another travel search tool and keep an eye on how the airfare winds are blowing.What do these unusual airfare trends mean for you? Keep it simple: Avoid booking months in advance, set up a price alert and try to shed the normal (and normally smart) habit of avoiding last-minute bookings.More From NerdWalletShould I Pay for My Hotel Using Cash, Points or Both?5 Travel Writers ‘Draft’ Their Favorite Airlines(How) Should I Travel for the Holidays?Sam Kemmis is a writer at NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif. 3242
When Christina and Tarek El Moussa announced in late 2016 they were ending their marriage after seven years, fans worried it would mean an end to their wildly popular HGTV series, "Flip or Flop."The series continued, even as the couple divorced, but news that Christina was branching out with a new show again stirred concerns that "Flip or Flop" would soon end.Well, worry no more: Christina announced Wednesday that the show is definitely still on."We're baaacckkk!!! #FlipOrFlop was just picked up by @hgtv for 15 new episodes!!" read the caption on a video she posted of her and her ex on Instagram. "Look for Season 8 to premiere in Spring 2019."The pair, who have a young son and daughter, released a statement at the time of their split."Like many couples, we have had challenges in our marriage," they said. "We had an unfortunate misunderstanding about six months ago and the police were called to our house in an abundance of caution. There was no violence and no charges were filed."They also said they were planning to focus on their children and continue to work together.HGTV execs said they were fully supportive of however the former couple planned to handle it."When it comes to matters related to their own family, we respect their privacy and honor any decision that works best for them and their children," the network said in a statement provided to CNN. "HGTV is currently airing episodes of 'Flip or Flop' and the series will continue production as scheduled."In the video posted Wednesday, Tarek El Moussa sounded just as stoked as his ex-wife that the eighth season was happening."I know we've been around for a really, really long time, but we are back," he said. "We're ready to flip some houses!" 1732
With his pledge to save a major Chinese company from crippling US sanctions, President Donald Trump has delivered yet another twist in the trade clash with Beijing.His announcement on Twitter that he's working to give China's ZTE "a way to get back into business, fast" was a sudden shift in the US stance at the start of a big week for trade ties between the world's top two economies.Washington and Beijing have threatened to impose tariffs on tens of billions of dollars of each other's products, fueling fears of a full-blown trade war.Talks in Beijing earlier this month aimed at dialing down the tensions failed to produce any major breakthroughs. But Chinese President Xi Jinping's top economic adviser is heading to Washington this week for more negotiations. American companies will also have a chance to publicly tell the Trump administration what they think about its planned tariffs on Chinese goods.Here's what to keep an eye on this week. 960
Whether your car breaks down or you are slapped with a hefty medical bill, odds are most of us are not ready to pay for unexpected expenses. Instead of using a credit card to pay the bill, you might consider taking out a personal loan. Banks aren't the only ones lending money. According to Consumer Advocate, the top lending companies for 2018 include, Lending Tree, SoFi and Upgrade.Alison Norris, a certified financial planner with SoFi says you can borrow up to ,000 with some companies. However, you have a shorter period of time to pay them off. "They are paid off in periods ranging from 2 to 7 years," says Norris. Typically, when you're slapped with an unexpected expense, you reach for the credit card. But Norris says personal loans have a lower interest rate than most credit cards. "It could be the difference between an average credit card APR of 16 percent to a personal loan which can start as low as 6 percent," Norris says.What's different about a personal loan is that there is no collateral, unlike a home or car loan. "You can compare that to a car loan if you were to stop making payments, it's possible that your car could be repossessed," Norris says. With a personal loan, it's only backed by your guarantee. But if you can't pay on time, your credit score could take a big hit."It could very much change your ability to get a job in the future or apply for another loan and will have a few other repercussions," Norris says. But remember, it's best to not take on more debt than what's necessary. 1647
WILSON, N.C. – The father of a 5-year-old boy who was fatally shot outside his North Carolina home says he cannot understand why someone would want to harm his son.Austin Hinnant told WRAL that his son, Cannon, was playing on his bike in the yard of their Wilson home when he heard a gunshot while inside.Hinnant says he ran outside and found Cannon suffering from a gunshot wound to his head. He scooped his son up in his arms and screamed for someone to help.The father claims he looked up and saw his neighbor, Darius Sessoms, in the yard next door, with a gun in his hand, pacing."I was looking at him as I was picking up Cannon,” Hinnant told WRAL. “I was so full of rage, but I couldn't leave my son's side. I wanted to be with my son."The boy was rushed to an area hospital, where he later died.A warrant was issued for Sessoms and police say he was taken into custody on Monday. The 25-year-old has been charged with 1st degree murder and is being held without bond.Sessoms doesn’t appear to be a stranger to the family. Hinnant says he had Sessoms over for dinner just the night before."I have no idea why he would kill my son in front of his two sisters and his cousin,” Hinnant told WRAL. “I have no idea."Law enforcement has not provided any details regarding a possible motive for Cannon’s murder.A funeral for the little boy was held Thursday. WNCN reports that hundreds gathered at the Shingleton Funeral Home in Wilson to pay their respects, including Cannon’s grandmother, Merrill Race.Race told WNCN that Cannon was “just a kid trying to have fun in his own yard and something like this happens. It’s despicable.”"Everybody just loved Cannon. He lit up the room," said Hinnant, according to WRAL.CNN contributed to this report. 1753