It is, but with conditions. On certain routes, on certain days, with a budget airline and a very light bag, you can find a round trip under $100, and sometimes well under. What you cannot do is count on it for a specific date and route, or assume that the headline price is the whole cost.
Think of a sub-$100 fare as a target to hunt for, not a standard to expect. If you are flexible on dates and destination, you can find one more often than people think. If you are fixed on both, you will probably pay more, and no trick will change that.
