Gambling on the price of airfare?

March 9, 2011 7:38:16 PM PST
Would you take a gamble on the price for an airline ticket?

Allegiant Air wants to give you the option to purchase a ticket at a variable rate. Your price would depend on the cost of airline fuel on the day you actually fly. You would pay a certain amount for the ticket, and if fuel prices go up, you would pay more. If prices drop, you get cash back.

It's a novel idea that the airline hopes the federal government will allow.