Find these stories and more at
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TOP STORY: Now that market realities behind the Internet
bubble have torn up portfolios, investors are looking for
someone, anyone, to blame ... except themselves.

* Investor rage gets ugly
  http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=1270019527

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               A D V E R T I S E M E N T

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Catch of the Day: Ticket turbulence

The FAA has been working for years on a new air traffic
system called "Free Flight," in which pilots, using modern
technology, would have direct control of their flight plans.
Advantages include flexibility, direct (cheaper) routing,
and a reduced load on the air traffic control system.

Yet most passengers still aren't trusted to handle their own
itineraries like grownups. They cannot transfer or resell
tickets if plans change. This is partly because the airlines
historically believe that transferable tickets would
encourage speculation.

FairAir is trying to counter that with a plan right out of
1999: the company is building a market for transferable
airline tickets. FairAir wants to sell this service to
airlines, which will then be able to market a class of
tickets that are potentially refundable (if there are
buyers). The for-sale tickets might show up on the airlines'
sites, as well as auction and travel sites. CEO Frank Levy
is convinced an aftermarket will drive up ticket prices on
some routes. He also reminds me that most airlines lose
money, so some experimentation wouldn't hurt.

Northwest Airlines is running a trial with FairAir tickets
on some of its routes. Real success will depend on much
broader adoption, however.


- Rafe Needleman, rafe-needleman@redherring.com
  Editor, http://www.redherring.com


COMPANIES
* FairAir
  http://www.fairair.com

* Northwest Airlines
  http://www.nwa.com

* The FAA's Free Flight site
  http://www.faa.gov/freeflight/

* Priceline
  http://www.priceline.com

* Hotwire
  http://www.hotwire.com

* Expedia
  http://www.expedia.com

* Travelocity
  http://www.travelocity.com

* Orbitz
  http://www.orbitz.com


RELATED STORIES
* Dealflow: FairAir got funding last August
  http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1950014395&channel=40000004#b2b

* Priceline's earnings take off
  http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH280019228&channel=20000002

* Online travel takes off despite doom and gloom
  http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH750019075&channel=50000005

* Eking out a future in e-commerce
  http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1050019305&channel=20000002

* Orbitz had a rough takeoff
  http://www.redherring.com/index.asp?layout=story&channel=50000005&doc_id=330010633

* Hotwire tails Priceline online
  http://www.redherring.com/index.asp?layout=story&channel=50000005&doc_id=1360010536

* United Air flying on the Web
  http://www.redherring.com/index.asp?layout=story&channel=50000005&doc_id=70010407


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INVESTOR CENTER
IBM is gearing up to pass the torch from its legendary CEO
Lou Gerstner to longtime company loyalist Sam Palmisano. And
investors could not care less.

* The new Big Blue
  http://www.redherring.com/index.asp?layout=story&channel=20000002&doc_id=1260019526

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