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.

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