Take advantage of ridiculously low airfares

Airlines are in the midst of a major fare ware--and travelers are benefiting with ridiculously low airfares. Even summer fares are dropping.

According to a recent article in The Los Angeles Times: "Fares for summer trips are often among the highest of the year and start rising in the spring, but not this year. With business travel plummeting, airlines are pulling back and offering some of the lowest-priced plane tickets in recent memory."

Southwest Airlines was the first to drop its fares, cutting rates through August 14. United, American, and Delta followed suit.

Example: With taxes and fees, a round-trip flight from LAX to Baltimore-Washington International Airport in late June was being offered at $218 on Thursday by Southwest. United and US Airways quickly beat it by offering a fare of $211.

For more: check out the LA Times article by clicking here.

Photo credit: Los Angeles Times/Mel Mellcon