Fare basis code: Difference between revisions

Revision as of 13:42, 19 July 2021

Revision as of 15:08, 19 July 2021

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== Booking class ==

Airlines can create any number of booking or fare classes, to which different prices and booking conditions may apply. Fare classes are complicated and vary from airline to airline, often indicated by a one letter code. The meaning of these codes areis not often known by the passenger, but conveys information to airline staff, for example they may indicate that a ticket was fully paid, or discounted, or purchased through a loyalty scheme, etc.

The first character of the fare basis code is always a letter, and will almost always match the booking class.<ref name="gal">{{cite book | title=Galileo 360(degrees). V1 Course book. | publisher=Galileo Travelport | year=2009 | page=9}}</ref> Booking codes are the identifiers used by the airline's [[revenue management]] department to control how many seats can be sold at a particular fare level. For example, a plane may have 25 economy seats still available and the airline may show it in a reservation system as <code>Y7 K5 M4 T6 E3</code> which indicates how many of each booking class can be reserved. Some codes cannot be sold by agents, and those seats may be reserved for international connections, loyalty programs, or airline staff relocation.