Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets
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United States of America Patent
Stats
-
Aug 18, 1998
Grant Date -
N/A
app pub date -
Dec 31, 1996
filing date -
Dec 31, 1996
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
An apparatus, method, and program for determining a price of an option to purchase an airline ticket, and for facilitating the sale and exercise of those options. By purchasing an option, a customer can lock in a specified airfare without tying up his money and without risking the loss of the ticket price if his travel plans change. Pricing of the options may be based on departure location criteria, destination location criteria, and travel criteria.
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