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http://www.redherring.com ------------------------------------------------------------ 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 ------------------------------------------------------------ A D V E R T I S E M E N T 4 risk FREE issues of The Economist! Special offer for new subscribers! Join the ranks of those who demand unparalleled reporting and analysis week by week. Try The Economist today! Valid in US only. Click here: http://www.neodata.com/Economist/7wb/ A D V E R T I S E M E N T ------------------------------------------------------------ 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 ------------------------------------------------------------ A D V E R T I S E M E N T 4 risk FREE issues of THE ECONOMIST! Special offer for new subscribers! Join the ranks of those who demand unparalleled reporting and analysis week by week. Try THE ECONOMIST today! Valid in US only. Click here: http://www.neodata.com/Economist/7wb/ A D V E R T I S E M E N T ------------------------------------------------------------ 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 ------------------------------------------------------------ UPCOMING RED HERRING EVENTS Venture Market Europe June 11 - 12 Hilton Park Lane London, UK Herring on Hollywood July 30-31 Century Plaza Hotel Los Angeles CA Venture Market East Sept 25 - 26 Fairmont Hotel Boston MA http://events.redherring.com/ ------------------------------------------------------------ SPECIAL OFFER on RED HERRING magazine! Stay on the cutting edge of technology -- subscribe to Red Herring. By taking advantage of this special offer, you'll pay only $39 for a total of 24 issues and SAVE 67 percent off the cover price! New subscribers only, please. http://www.redherring.com/index.asp?layout=magazine_us_subscrib ------------------------------------------------------------ ADVERTISING INFORMATION For information on advertising in Red Herring newsletters, contact: advertising@redherring.com ------------------------------------------------------------ You are currently subscribed to Catch of the Day with the address alewis@ect.enron.com. If you wish to unsubscribe, please go to http://www.redherring.com/index.asp?layout=e_newsletters, sign in using this exact address, and uncheck the newsletters you no longer want to receive. ------------------------------------------------------------ Copyright © 2001 Red Herring Communications All rights reserved ------------------------------------------------------------
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