Patent ID: 8190457
Filing Date: 2012-05-29
Classification: G06Q

Abstract:
1. A method of determining respective minimum fares at which to offer respective seats associated with respective ones of a plurality of air travel itineraries, each respective seat belonging to a first fare class of seats associated with one of the air travel itineraries, the plurality of air travel itineraries comprising: a first air travel itinerary from a first destination to a second destination, the first air travel itinerary having: a second air travel itinerary from the first destination to the third destination, the second air travel itinerary having: a third air travel itinerary from the first destination to a fourth destination, the third air travel itinerary having: a fourth air travel itinerary from the second destination to the third destination, the fourth air travel itinerary having: a fifth air travel itinerary from the second destination to the fourth destination, the fifth air travel itinerary having: the method comprising: providing a node, the node comprising: detecting an airline flight booking, the airline flight booking being associated with the fourth air travel itinerary and thus the airline flight booking resulting in a change to the second remaining capacity of the second leg; and executing the plurality of instructions with the computer processor so that the following steps are executed: wherein the minimum fare at which to offer a seat that belongs to the first fare class associated with the first travel itinerary is equal to the altered first bid price that corresponds to the maximum revenue; wherein the minimum fare at which to offer a seat that belongs to the first fare class associated with the second travel itinerary is equal to the sum of: wherein the minimum fare at which to offer a seat that belongs to the first fare class associated with the third travel itinerary is equal to the sum of: wherein the minimum fare at which to offer a seat that belongs to the first fare class associated with the fourth travel itinerary is equal to the altered second bid price that corresponds to the maximum revenue; and wherein the minimum fare at which to offer a seat that belongs to the first fare class associated with the fifth travel itinerary is equal to the initial third bid price.