extend fare lock from 3 to 7 days?
#2
Join Date: Jun 2004
Location: What I write is my opinion alone..don't read into it anything not written.
Posts: 9,686
I'm unfamilliar with the fare lock (saw the press releases, but don't know any if the ins/outs.)
I would hope the answer is "no" (not that I wantto spite you, just as an employee and shareholder it seems on the surface to be a bad thing for UA to do from my persective.) Isn't that like buying insurance after your house burned down and the policy had already expired? I don't know of too many actuarials that would calculate that as a "win" for the seller of the insurance.
I would hope the answer is "no" (not that I wantto spite you, just as an employee and shareholder it seems on the surface to be a bad thing for UA to do from my persective.) Isn't that like buying insurance after your house burned down and the policy had already expired? I don't know of too many actuarials that would calculate that as a "win" for the seller of the insurance.
#3
Join Date: Jan 2012
Location: PEK/NYC
Programs: UA Gold / *A Gold
Posts: 153
I don't know either, but I'd **presume** that you could buy it within the 3 day farelock, and if you need to, cancel within 24 hours as per the standard policy, so that might give you an extra day beyond the three you paid for.
Last edited by dhelman; May 27, 2012 at 10:22 pm
#6
Ambassador: Alaska Airlines
Join Date: Nov 2008
Location: BWI
Posts: 7,390
I'm unfamilliar with the fare lock (saw the press releases, but don't know any if the ins/outs.)
I would hope the answer is "no" (not that I wantto spite you, just as an employee and shareholder it seems on the surface to be a bad thing for UA to do from my persective.) Isn't that like buying insurance after your house burned down and the policy had already expired? I don't know of too many actuarials that would calculate that as a "win" for the seller of the insurance.
I would hope the answer is "no" (not that I wantto spite you, just as an employee and shareholder it seems on the surface to be a bad thing for UA to do from my persective.) Isn't that like buying insurance after your house burned down and the policy had already expired? I don't know of too many actuarials that would calculate that as a "win" for the seller of the insurance.
My gut tells me that probably more than 60-70% of the fare locks end up expiring and that means free money for UA.
It is hard to measure whether it is a good program for UA on the macro level without any statistics on hand. I agree with you that giving the option to extend fare-locks should not be an option, the ability to lock a fare in the first place is already a sweet deal IMO, especially for people like me who needs to check my work vacation schedule and follow up with some people before I can actually commit to a trip.
#7
Join Date: Sep 2011
Location: SEA
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Posts: 850
#8
Join Date: Jul 2011
Programs: UA 1K, Hertz President's Circle, Hilton Platinum,
Posts: 661
[QUOTE=uwr;18652276It is required by federal law to allow cancellation within 24 hours of ticket purchase.[/QUOTE]
I didn't realize it was law. Congress protecting the consumer? Who'd have thunk it???
I didn't realize it was law. Congress protecting the consumer? Who'd have thunk it???
#9
Join Date: Jun 2004
Location: What I write is my opinion alone..don't read into it anything not written.
Posts: 9,686
The airlines self imposed these rules on them (also to tell, if asked if the flight was overbooked and a few other things.) Notsure that a promise to Congrss makes it a federal law, as it worked an held off the regulation. It may be a consent decree or something, but I am 99% certain that no law was passed by both the hous and senate and then signed by Bush. We may be splitting hairs here, but as for it being a law, I don't think it is, but it was promised to congress, so it has some meat to it.
http://www.united.com/web/en-US/cont...omerfirst.aspx You should be able to google "Delta/American... airlines customer committment" to find similar things on each of the network majors.
Edit: Well, it somehow was codified as 14 CFR §259.
Last edited by fastair; May 27, 2012 at 11:01 pm
#10
Moderator: United Airlines
Join Date: Jun 2007
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Note at the same time, the airlines were required to show the true ticket price up front.
Last edited by WineCountryUA; May 27, 2012 at 11:03 pm Reason: ticket pricing