Author Topic: Canceled airline ticket credit - sunk cost?  (Read 344 times)

panda

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Canceled airline ticket credit - sunk cost?
« on: September 23, 2019, 10:51:14 AM »
So I'm wondering if I should just write this off as a sunk cost or not, but I have a canceled airline ticket for ~$750 that can only be used by myself and I need to book a flight within a month (date of departure can be outside that window). There's a $120 change fee associated with the ticket but I cannot get the ticket in someone else's name. Work says I have to use their booking system so I can't get a refund from them either.

Since that implies I'd have to use it for vacation, should I just write this off as a sunk cost at this point?

seattlecyclone

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Re: Canceled airline ticket credit - sunk cost?
« Reply #1 on: September 23, 2019, 11:05:38 AM »
It is a sunk cost, but it's also an opportunity to get a plane ticket for no more than what you've already sunk in. Do you really have no interest in taking a vacation in the foreseeable future?

BECABECA

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Re: Canceled airline ticket credit - sunk cost?
« Reply #2 on: September 23, 2019, 12:33:58 PM »
Do you have any friends or family you’d like to visit that the typical airfare to their location exceeds the $120 change fee? Ideally there’s someone that you’d like to visit that a typical flight to them costs just under that $750 credit to really maximize things.

JoJo

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Re: Canceled airline ticket credit - sunk cost?
« Reply #3 on: September 23, 2019, 04:57:04 PM »
Yeah, I'd see where that airline goes and visit family, friends, or go on a vacation.  I think you can book up to 11 months out, correct?