Traveling during major holidays like Thanksgiving can be expensive, but one way to ease the blow to your wallet or purse is by using frequent flyer miles.
Starting about three months before Thanksgiving, we collected weekly data from the online booking sites of these three airlines. We tracked the frequent flyer miles needed as well as the price for every coach flight scheduled to take place within one week of Thanksgiving.
tells us that when there is lots of competition and the product is almost identical, competition should result in all businesses charging roughly the same price.On the Monday before Thanksgiving, your miles are typically worth the most.In mid-October, Delta was asking 69,000 miles to fly the Tuesday before Thanksgiving. American Airlines was only asking 33,000 miles for roughly the same flight. This means if you have athat lets you use miles on different airlines, it pays to shop around.
While in general the earlier you book, the better, booking too early can cost you. We found the best time to spend your frequent flyer miles for Thanksgiving travel was to book during the first week of October, which was about eight weeks out. In early October, 1,000 frequent flyer miles were worth over $14 in airfare. The last week of October, about four weeks before Thanksgiving, those same miles were only worth shy of $12.
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