WO1998029840A3 - Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets - Google Patents

Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets Download PDF

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Publication number
WO1998029840A3
WO1998029840A3 PCT/US1997/023799 US9723799W WO9829840A3 WO 1998029840 A3 WO1998029840 A3 WO 1998029840A3 US 9723799 W US9723799 W US 9723799W WO 9829840 A3 WO9829840 A3 WO 9829840A3
Authority
WO
WIPO (PCT)
Prior art keywords
pricing
program
selling
options
airline tickets
Prior art date
Application number
PCT/US1997/023799
Other languages
French (fr)
Other versions
WO1998029840A2 (en
Inventor
Jay S Walker
Scott T Case
James A Jorasch
Thomas M Sparico
Original Assignee
Walker Asset Man L P
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Walker Asset Man L P filed Critical Walker Asset Man L P
Priority to CA002275447A priority Critical patent/CA2275447A1/en
Priority to AU59024/98A priority patent/AU5902498A/en
Priority to JP53018198A priority patent/JP2001527667A/en
Priority to EP97954615A priority patent/EP1012763A2/en
Publication of WO1998029840A2 publication Critical patent/WO1998029840A2/en
Publication of WO1998029840A3 publication Critical patent/WO1998029840A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • G06Q30/0603—Catalogue ordering
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/02—Reservations, e.g. for tickets, services or events
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An apparatus, method and program (20, 30) for determining the price of an option (S10) to purchase an airline ticket, and for facilitating the sale (S12) 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.
PCT/US1997/023799 1996-12-31 1997-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets WO1998029840A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
CA002275447A CA2275447A1 (en) 1996-12-31 1997-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets
AU59024/98A AU5902498A (en) 1996-12-31 1997-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets
JP53018198A JP2001527667A (en) 1996-12-31 1997-12-31 Method, apparatus and program for pricing, selling and exercising options for purchasing tickets
EP97954615A EP1012763A2 (en) 1996-12-31 1997-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US08/775,591 US5797127A (en) 1996-12-31 1996-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets
US08/775,591 1996-12-31

Publications (2)

Publication Number Publication Date
WO1998029840A2 WO1998029840A2 (en) 1998-07-09
WO1998029840A3 true WO1998029840A3 (en) 1998-09-17

Family

ID=25104880

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US1997/023799 WO1998029840A2 (en) 1996-12-31 1997-12-31 Method, apparatus, and program for pricing, selling, and exercising options to purchase airline tickets

Country Status (6)

Country Link
US (1) US5797127A (en)
EP (1) EP1012763A2 (en)
JP (1) JP2001527667A (en)
AU (1) AU5902498A (en)
CA (1) CA2275447A1 (en)
WO (1) WO1998029840A2 (en)

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