Southwest Airlines announces 40% off sale to 'make travel more affordable'

Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland.
BALTIMORE, MARYLAND - DECEMBER 22: Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland. Photo credit Alex Wong/Getty Images

If you're looking to book a late summer vacation or even a fall trip somewhere, then hurry over to your computer and get your credit card out and ready.

Southwest Airlines announced on Tuesday that it will be offering customers 40% off qualifying base fares for flights as the company hopes to "make travel more affordable."

The specialty sale is only going on for three days, and runs from June 7 through June 9, ending at 11:59 p.m. CT.

To qualify for the 40% off sale, customers must use the promo code "FALL40" at checkout on the Southwest website and book a flight between August 16 and November 5 this year. All of the discounts are applied before taxes and fees.

Bill Tierney, Southwest Airlines Vice President of Marketing & Digital Experience, said in the news release that the airline will also offer customers "two free checked bags, and no change or cancellation fees."

"We’re thrilled to offer our Customers a substantial discount on our low fares for flights as soon as late summer and into the fall," Tierney said. "This discount on Southwest flights will help make travel more affordable and easier for Customers—giving them a great low fare along with two free checked bags, and no change or cancellation fees. All of that coupled with our legendary Hospitality adds up to a great deal."

Southwest Airlines added that the 40% off sale can be applied to four of their fare categories -- "Wanna Get Away," "Wanna Get Away Plus," "Anytime," and "Business Select."

"Wanna Get Away Plus" was launched in May, and offers customers transferable flight credit(s) where people can transfer eligible, unused credits to someone else for future travel.

With gas prices continuing to rise in the United States, airfare prices have taken a big jump in recent months. Airline fares increased by 18.6% in April, according to the U.S. Bureau of Labor Statistic's latest Consumer Price Index Summary. It was the largest one-month increase since they started recording airline fares in 1963.

The average round-trip domestic airfare cost $330 in April, up 7% from 2019 prices, according to the travel app Hopper. The company expected the average airfare price to go up about 10% in May to around $360 for a round-trip flight, and then begin to decrease after the end of June and into the fall.

International flight prices have remained around the same price as they were in 2019 before the COVID-19 pandemic at $810 for a round-trip flight. Hopper said it expects international flights to increase by 15% in June to about $940 for a round-trip flight, before declining into the fall.