International Travel
Here's the intro to an article on travel in the NYTimes
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Travelers Consider Their Risk Tolerance
Inexpensive deals abound, and coupled with newly relaxed change and cancellation policies, some travelers are seeing little to no risk in pointing, clicking and purchasing.
On March 12, the day after the World Health Organization declared the coronavirus a pandemic, Sery Kim, a lawyer in Coppell, Texas, noticed that the number of American Airlines AAdvantage miles needed to book a May flight to Barbados she had been eyeing dropped from 130,000 to 30,000 — a decrease of nearly 77 percent.
Thus set off a four-day hunt for future trips. In addition to Barbados, Ms. Kim purchased six round-trip Southwest Airlines tickets, starting later in March, to Washington, D.C., where she keeps an apartment for work. She paid $99 apiece for flights that normally cost upward of $183, with dates extending into September. She spent $93 on a late-April flight to Miami that usually costs around $330. Then she booked a safari vacation in July for about $900 round trip to Cape Town — about half what she paid for a South Africa flight in 2016.
Ms. Kim, 41, was indulging in what might be called flight arbitrage. Inexpensive airfare deals abound currently; couple those with newly relaxed airline change and cancellation policies and some travelers are seeing little-to-no risk in pointing, clicking and purchasing. They are betting that things will have improved enough to travel, and if they haven’t, they can roll their money forward into an even later trip.
“There’s an arbitrage opportunity that has never really existed in modern air travel,” said Scott Keyes, founder of Scott’s Cheap Flights, an online alert service with more than two million members. “Not only are fares super low, but to be able to cancel if you decide not to take the trip is rare. And there are absolutely people taking advantage of it — not in a pejorative sense, but literally by booking flights for when hopefully, fingers crossed, things are safer.”
To proceed cautiously amid travel advisories and border closures, Scott’s Cheap Flights is only promoting deals from July onward, and only for airlines waiving change and cancellation fees.
After her April tour through Japan was canceled, with all of her payments successfully recouped, Karen Burrows, a 56-year-old health care worker, used Scott’s Cheap Flights to purchase a $282 round-trip flight from New York City to Athens, Greece, departing in September.
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