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This product is certainly pretty interesting, but it protects you from upward price movement only. Because the price changes of flights are not the kind of cat

This product is certainly pretty interesting, but it protects you from upward price movement only. Because the price changes of flights are not the kind of catastrophic loss for which insurance programs make sense it becomes more of a gambling paradigm than an insurance situation. Level Skies's algorithm tries to make them money. In terms of pure dollars you have to make a rational purchase here your expectation needs to be that your planned purchase parameters will be outside their model. The ONLY way this can be a win for a consumer is if the utility they gain from the satisfaction of having some certainty around price is worth the fee level skies charges because on average you shouldn't expect to make money on the purchase. A change in price of a few tens-hundreds of dollars in an airline ticket is not subject to the same kind of loss function that makes home owners insurance a smart idea. IMHO.

ls_tm 12y ago
thanks sadface, it sounds like you have a pretty good grasp of how financial service companies think about risk. i should point out though that as a gambling platform, ours would be a poor one. in order to receive any kind of payout when airfares rise you need to book your flight as well. our service is designed for those whose plans are uncertain. if you are organizing a trip but don't yet know what days you want to fly or whether you will take the trip at all, this service is for you. the price protection we offer enables a person to delay the booking process with peace of mind and confidence they won't be gouged later. the travel industry pricing practices we are all used to are designed to create panic and urge us to book asap. this leads to a lot of canceled flights and changed itineraries. at $200 a pop, changing your plans isn't cheap. this is really the pain point we are addressing. for a person who knows they will take a trip, has decided their travel dates and knows the flight they want, just buy the ticket. prices tend to go up after all. if you aren't sure, don't sweat it, Level Skies is here for you.

ls_tm 12y ago

thanks sadface, it sounds like you have a pretty good grasp of how financial service companies think about risk. i should point out though that as a gambling platform, ours would be a poor one. in order to receive any kind of payout when airfares rise you need to book your flight as well. our service is designed for those whose plans are uncertain. if you are organizing a trip but don't yet know what days you want to fly or whether you will take the trip at all, this service is for you. the price protection we offer enables a person to delay the booking process with peace of mind and confidence they won't be gouged later. the travel industry pricing practices we are all used to are designed to create panic and urge us to book asap. this leads to a lot of canceled flights and changed itineraries. at $200 a pop, changing your plans isn't cheap. this is really the pain point we are addressing. for a person who knows they will take a trip, has decided their travel dates and knows the flight they want, just buy the ticket. prices tend to go up after all. if you aren't sure, don't sweat it, Level Skies is here for you.