50% of something is better than 100% of nothing!
How do you turn a great flight deal into a terrible one, in a split second? A change of plans is all you need. Virtually every stand out, jump up and down flight deal is purchased on a strictly “non refundable”, and now even “non changeable” basis, so when things go wrong – people expect to eat the airline ticket entirely. A familiar new solution has emerged, and it It appears Air France is leading the way…
Air France offers a new solution to non refundable tickets, and before you get too excited, you’re not getting all of your money back. The major airline appears to have partnered with FlexFly to offer the first airline ticket marketplace. Yep, it’s just like a Craiglist or Stubhub. You list a ticket, and if someone buys it, you get money rather than remorse. For now, the service appears limited to flights on Air France and Joon, but expansion is inevitable.
Air France and Joon customers can list tickets they can no longer make use of on FlexFly. To be clear: these are tickets they’d traditionally get nothing back on, if they can’t fly. The plane ticket is then listed on the market place at a potential discount versus pricing on Air France. Why would an airline allow this? The person listing the ticket receives 50% of the sale, while Air France and FlexFly enjoy the rest. If the ticket resells, Air France has made a multiple of the original price, by selling it twice. The seller is happy because they get something back instead of nothing and the buyer is potentially happy, because they receive a ticket at a potentially reduced price.
FlexFly by all accounts appears to be an independent company, perhaps incubated or trusted by Air France as an initial launch customer. On the company’s LinkedIn page, they make it quite clear they hope to become the CraigsList or StubHub of airline tickets, and naturally that would mean working across many airlines. Let’s hope this is just the start. With the seller only receiving 50% of the sale, there’s no benefit to buying high value tickets and reselling them in the secondary market, which takes care of a big consumer concern. It’s exciting stuff.
Thanks to Premium-Flights.com for the tip!