Decent sale. Same price as they had a couple weeks ago, although they are offering two colors, not just one like last time. I'm not sure why Costco keeps adding a shipping charge to the Air model when they offer free shipping on the standard iPad and the Pro models that are also on sale.
I price matched a Space Gray model at Best Buy with store pickup. Used their chat to confirm the URL and SKU (despite being the Silver one) from Costco and they credited me the difference after placing the order online. Have been wanting one of these for a while. Thank you OP.
Looks like this same deal is alive again - Air 64GB for $399 after $70 off at Costco.
https://www.costco.com/new-apple-ipad-air---a12-chip---64gb---latest-model.product.100486493.html
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https://www.costco.com/new-apple-ipad-air---a12-chip---64gb---latest-model.product.100486493.html