Now's probably a good time to book a flight if you're in the USA. According to a Yahoo News report, airline fares may be leveling off this upcoming months, signaling an end to discounted fare promos by different airlines.

The news report also mentioned that even low-cost airlines are hiking their prices although the competition prevents any of the budget airlines from hiking their prices too much. A travelocity spokesperson says that the leveling off in fare prices can be attributed to the fact that have cut capacity by flying fewer and smaller planes.

On a slightly better news for travelers, while airline prices are leveling off, hotel rates are still lower compared to last year and is essentially, always on sale.