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

  • US 5,797,127 A
  • Filed: 12/31/1996
  • Issued: 08/18/1998
  • Est. Priority Date: 12/31/1996
  • Status: Expired due to Fees
First Claim
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1. A data processing apparatus for determining a price of an option to purchase an airline ticket, comprising:

  • a central controller including a CPU and a memory operatively connected to said CPU;

    at least one terminal, adapted for communicating with said central controller, for transmitting to said central controller option pricing information including departure location criteria, destination location criteria, and travel criteria;

    said memory in said central controller containing a program, adapted to be executed by said CPU, for calculating a price of an option to purchase within a future period, for a particular ticket price, an airline ticket satisfying the departure location criteria, destination location criteria, and travel criteria;

    wherein said central controller receives said criteria from said terminal and calculates the option price based upon the criteria.

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