Farecast.com Launches Airfare Deals Based on Science, Not Marketing

Site Leverages More Than 175 Billion Airfare Observations to Save Consumers


Mar 13, 2007, 01:00 ET from Farecast, Inc.

    SEATTLE, March 13 /PRNewswire/ -- Farecast.com, the airfare prediction
 website, announced today the launch of Farecast Deals, a new service that
 leverages the science of airfare data and advanced analytics to provide
 consumers a usable and authentic approach to airfare deals. No other travel
 website helps consumers know "what" is a deal and "why" to buy now when
 shopping for cheap flights. Each day, Farecast utilizes billions of
 airfares to provide its free airfare predictions, and now uses this data to
 help consumers uncover cheap tickets from their airport.
     "Any website can claim to have the best deals, but many of those deals
 are based on marketing, not science," said Hugh Crean, Farecast's president
 and chief executive officer. "Farecast.com is the only travel website that
 uses the power of over 175 billion airfares to help consumers understand
 what is truly a good deal and why to buy now."
     Farecast Filters Out the Real Deals
     Everyone loves a great deal, but more often than not, it's hard to
 filter out the truly good values from marketing hype. Farecast shows you
 real deals backed by comparisons against millions of airfares the company
 has analyzed from each airport. Farecast:
     * Finds the absolute lowest fare between two selected cities in the next
       90 days -- A consumer would need to conduct up to 50,000 individual
       searches to find all of the deals we find each day from their city
     * Compares that low fare to millions of airfares on record between the
       cities to see how it matches up
     * Shows consumers how much the airfare deal saves them over the average
       airline ticket between the chosen cities
     "We've seen in the data that low fare deals often have a very short
 shelf life and typically expire within 48 hours," stated Jay Bartot, vice
 president of engineering. "Our technology team is doing the heavy lifting
 to allow consumers to maximize savings and act on that small window of
 opportunity. In some cases, we'll find the lowest fare ever recorded
 between two cities, but as you can imagine, those prices don't last long."
     Farecast currently offers deals from the top 26 cities in the following
 categories: weekends, last minute trips, week-long trips, family getaways
 and top deals. Farecast's easy-to-use calendar feature simplifies the
 planning process and offers savvy travelers a quick way to plan their trip.
 Consumers can also let Farecast do the work for them and sign up to get the
 best deals sent to them via email.
     Farecast offers deals for the following cities and airports: Atlanta
 (ATL), Boston (BOS), Chicago (MDW, ORD), Dallas (DFW), Denver (DEN),
 Detroit (DTW), Houston (IAH), Indianapolis (IND), Las Vegas (LAS), Los
 Angeles (LAX, SNA, ONT, BUR, LGB), Miami (MIA, FLL, TPA), Minneapolis
 (MSP), New York (JFK, LGA, EWR), Orlando (MCO), Philadelphia (PHL), Phoenix
 (PHX), Portland (PDX), Raleigh Durham (RDU), Salt Lake City (SLC), San
 Diego (SAN), San Francisco (SFO, OAK, SJC), Seattle (SEA), St. Louis (STL),
 Tampa (TPA), West Palm Beach (PBI) and Washington DC (DCA, IAD, BWI).
     Farecast Airfare Predictions - Know When to Buy
     Unlike any other travel website, Farecast.com saves online travel
 shoppers money with an airfare prediction for their specific trip. The
 company's patented airfare prediction shows whether the lowest fares for
 their trip are rising or dropping. Farecast.com also provides expected
 price movements, confidence levels, historical prices and buying tips when
 customers search for flights. To learn more about the proprietary airfare
 prediction, see the Our Technology page of Farecast.com.
     About Farecast, Inc.
     Farecast.com is the first and only airfare prediction website.
 Farecast.com helps airfare shoppers across the country save money by
 answering the question: should you buy now or wait? In addition to being
 the first to provide airfare predictions, Farecast.com displays the lowest
 fares from the major airline sites and offers industry leading travel
 planning tools. Farecast.com was recognized as one of PC World's 20 Most
 Innovative Products of 2007, "Best of What's New for 2006" by Popular
 Science, one of TIME Magazine's 50 Coolest Websites for 2006 and one of the
 "Best Trip Planning Tools" by Business Week readers. The company is located
 in Seattle, Washington, and is funded by Sutter Hill Ventures, Greylock
 Partners, Madrona Venture Group, WRF Capital and PAR Capital Management. To
 get a free airfare prediction from your city, or to learn more visit
 www.farecast.com .
     Media Contact:
     Anne Taylor Hartzell
     Spark PR for Farecast:
     Amy Burke Bessette
     Lisa Chan

SOURCE Farecast, Inc.