H-SANTA MARIA

Mar 10, 2011 1:32 PM by Ariel Wesler

Allegiant could allow passengers to gamble on airfare

Las Vegas-based Allegiant Air is looking at a new pricing option that would allow you to purchase your ticket, while gambling on the price of jet fuel.

When booking a flight, passengers would choose between a fixed-price ticket and a variable one. If the price of jet fuel falls by the departure date, you would get money back. If the price increases, you would pay more, up to a pre-determined amount.

It's the airline's latest effort to combat rising fuel costs and the soaring price of airfare.

Locally, Allegiant Air offers flights between Santa Maria and Las Vegas.

Watch KSBY News tonight at 5 and 6 for more on this story.

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