a number of companies are starting to sell (or are planning to sell) “options” on airline tickets.
An airfare option works similarly to a stock option. The seller of the option charges a fee to hold your flight reservation at a certain fare, but you’re not obligated to buy a ticket. If your travel plans change, you let the option expire, and you’ve lost only the fee, not the full cost of the plane ticket.
A fare option might work like this: You pay $9 to lock in a ticket at a set fare for three days while you get your spouse or friends to commit to a getaway — or wait for your boss to approve vacation time.
Typically, the longer you hold the fare, the more the option costs. You don’t get your fee back, regardless of whether you make the purchase or let the option expire.

option traderWant to take that trip, but don’t want to fully commit?  Well, a number of companies are starting to sell (or are planning to sell) options on airline tickets.

An airfare option works similarly to a stock option.  The seller of the option charges a fee to hold your flight reservation at a certain fare, but you’re not obligated to buy a ticket.  If your travel plans change, you let the option expire, and you’ve lost only the fee, not the full cost of the plane ticket.

Here’s an example:  You pay $9 to lock in a ticket at a set fare for three days while you get your spouse or friends to commit to a getaway — or wait for your boss to approve vacation time.

Typically, the longer you hold the fare, the more the option costs. You don’t get your fee back, regardless of whether you make the purchase or let the option expire.

Here’s some more travel news you can use:

  • Monday is Veterans Day, and Red Roof Inn is offering veterans and active duty military a 15 percent discount at select properties in November.  Proof of military service is required.  Blackout dates may apply. Visit RedRoof.com or call 1-800-Red-Roof.  Use promotional  code 608455 for the discount.
  • A United Airlines flight from Denver landed safely in Washington DC after its crew reported an emergency because a passenger began praying in an aisle shortly before landing.  (Been there.)  According to United, the male passenger wasn’t following flight attendant instructions for landing – so they alerted authorities.  The plane was then escorted to Dulles airport by military jets.  (I can see the new PSAs now:  ”Hi, this is Tim Tebow of the Jets, reminding you to Tebow responsibly by keeping it out of the aisle.”)
  • I just lost all faith and trust in any poll conducted by Harris Interactive.  I find it extremely hard to believe that nearly a third of Americans with comply with a body cavity search by the TSA.