Betting on Airfare
This is a weird one: Allegiant Air is apparently considered asking you to gamble on the price of your airfare.
Blame it on rising oil prices.
Gamble on Airfare, Gamble on Oil
Allegiant has suggested (and this has not been okayed by anyone, let alone the government) that passengers could choose between a “regular” ticket with a fixed price, or gamble on a so-called “variable” ticket. With a variable ticket, fliers would pay one price, but if the cost of jet fuel dropped by the departure date, the passenger would get cash back. However, if the price goes up, passengers would pay more (up to particular “cap”). Sound intriguing? Or looney?
I guess you have to remember where Allegiant is headquartered: Las Vegas.
It kind of reminds me of Continental’s fairly new FareLock innovation which allows you to book a flight and, if you like, you can pay a fee that starts at $9 to hold that reservation at the locked-in fare for up to a week. In other words, should the price of that airfare rise, you win, but if it drops, you can just cancel without paying the heavy change fee, and all you’re out is that FareLock fee.
Better Idea – Sign up for FareCompare Airfare Alerts
So let’s go back to Allegiant: I’m a little concerned that it will turn fliers into “oil price” day traders. I’ve got a better idea.
Sign up for the FareCompare Airfare Alerts, and let us do the work for you; we’ll watch the prices and let you know when they come down. No need to gamble whatsoever.
What Do You Think?
What do you think about betting on airfare? Tell me on the FareCompare Facebook page – I’d really love to hear.
More from Rick Seaney:
Got Luck? Gamble on Price of Your Airline Ticket