The travel blogs are noting lots of very inexpensive airfares from the United States to various European cities.
Scott’s Cheap Flights has an email out this afternoon with flights to Spain (Alicante, Barcelona, Bilbao, Ibiza, Madrid, Mallorca, Santa Cruz Palma, Santiago de Compostela, Tenerife and Valencia) in the $400s round-trip. The airlines with these low fares include American and United, and probably Delta. Austin is not among the listed departure cities, but Atlanta is and you can take Southwest non-stop from Austin to Atlanta (2 daily flights each way). Secret Flying notes that you can fly out of Houston on American.
Icelandair flies from DFW to Iceland and then on to various continental European cities for $300+ r/t (but remember all the fees for “extras”). Million Mile Secrets has a good write-up on this deal. One Mile at a Time notes that Icelandair will even begin flying to Kansas City starting in May! When researching a flight from JFK to LHR recently, I noticed that trip-cancellation insurance added only 2% to the ticket price on Icelandair…that seems like a pretty good deal.
When it comes to inexpensive flying to Europe, these are truly “the good old days.”