Continental has launched "Fare Lock," which you fresh block a tariff for anywhere from three days to a week. FareLock holds a reservation as a fee, you can firstly of the reserve and ask questions later.
The price is... vague:
Customers can choose to FareLock during booking at continental.com reservations and opt for 72 hours or a hold of seven days. They may return to complete the transaction at any time between the purchase of the lock and its expiry, or they can choose automatic ticketing feature tickets at the end of the lock period. Take FareLock, fees starting at $5 for 72 hours and $9 for a hold of seven days, will vary based on a number of factors such as the route, number of days of departure and the length of the hold.
So essentially, continental sold you an option to call on an airline ticket, with the "call" that expires in 3 days or 7.
(Continental Startup puts sales, as well as calls, call me…) (Can you imagine the secondary market?)
This could be useful for some people, if the fare is enough rock-bottom and worth buying insurance. But remember, if you discover your plans within 24 hours, you do not have such a policy of insurance in the first place. After all, continental still offers a flexible 24-hour reservation policy which means that you have 24 hours from the time that you buy the ticket to cancel for a full refund for any reason any.
Interestingly, the press release reaffirms the existence of the policy of flexible reservation 24 hours so that the company is apparently signalling that courtesy - Cancel does not go further. Ok.
It is not clear how much demand is really for such a service. If the price is too high, the application will disappear very quickly. For the moment, I'll probably rely more on courtesy - cancel 24 hours, but it is good to know that there is an option to insurance.
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