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Your Money: More and More Ways to Find Discounted Airfares

Aired July 11, 2000 - 1:33 p.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

KYRA PHILLIPS, CNN ANCHOR: Now, while flight delays remain a major frustration for travelers, there is some good news for airline passengers. There are more and more ways to find discounted fares.

CNN's Bruce Francis takes a look at what's out there.

(BEGIN VIDEOTAPE)

BRUCE FRANCIS, CNN CORRESPONDENT (voice-over): Two new sources for discount air tickets are coming soon to a computer near you. Hotwire.com and ORBITZ are planning to launch sites sometime this year, and both are promising to give consumers more bang for their buck.

BILL MCCOY, EXECUTIVE EDITOR, "BUDGET TRAVEL": I think the proof of whether these new Web sites will be good for consumers or not will simply be in the pricing. If they can compete on a price basis with what's out there already, they will do well. If they can't, they won't.

FRANCIS: McCoy says to look for cheap tickets on three different fronts: a travel agent, airline reservation services and the Internet. His favorite sites include: cheaptickets.com, 1travel.com, flycheap.com and air4less.com.

MCCOY: You don't just go to one booking engine and see how much it costs and assume that the rest of them are going to come in at around the same price.

FRANCIS: McCoy says being flexible is important, since there are a several factors that can significantly change the price of a ticket. For instance, the time of day you leave can effect the price. Also, the day of the week can be a factor. And the airport that you leave from or fly into can impact your airfare. Even the time of day you look for tickets can be a factor.

MCCOY: The best time to check the airlines reservation systems is about 1:00 a.m. or 2:00 a.m. if you're up that early or up that late.

FRANCIS: New sales of discounted tickets are introduced at around midnight. In this case the early bird does get the worm.

That's "Your Money." Bruce Francis, CNN Financial News, New York. (END VIDEOTAPE)

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