Flights:
Vale do Lobo is only 20 minutes drive from Faro International Airport.
Check out:

• Monarch
• British Airways
• EasyJet
• TAP
• Thomson
• FlyBE
• BMI Baby
• Excel
• Jet2
• Avro
• Air Berlin
• MyTravelLite
• FlyGlobespan
• SkyScanner
• Cheapflights
• Iberia
• GBAirways - Up to 21 times a week from Gatwick
• Sterling.dk - Budget airline with flights daily from several Scandinavian cities
• Use Travelsupermarkets comparison tool to find and book cheap flights to Faro

Getting to & from the airport:
Taxis are available to and from the airport. Taxis to Vale do Lobo are approximately €35 but check with the driver before you travel. The taxi rank is convinently located outside the terminal building.
If you want to go exploring though, the best option is to hire a car.
Check out:

• Avis
• Auto Rent
• Hertz
• holidayautos.com
• Europcar - If you fly with EasyJet you could qualify for discounted rates
• Auto Jardim
• Auto Cerro
• AV Rent-a-Car
• CarJet
• Strawberry Autos
• easyCar.com
• Budget