An airfare (otherwise known as a fare) is the fee paid by a passenger for air transport and is made up of the charge for a passenger to fly from an origin to destination and includes the conditions, rules and restrictions for travelling on the airfare.
Airfares are typically made up of fare and rule components that define the airfare product, services and price and includes: origin/destination pair, fare class, one-way/round-trip indicator, fare amount, validity dates, mileage and other rules.[1] To sell the airfares many airlines rely on inventory allocations within finite, alphabetically-defined sub-groups – “inventory buckets” – and fare codes for each fare sold. Airlines have sold airfares in this way since the beginning of commercial air travel and before computer reservations systems existed. As new computerized systems were gradually introduced to the air transport industry in the 1960s this method of defining airfares and managing them within fare codes was further developed and usage became widespread.
Evolving business models (such as low-cost carriers), changing consumer needs, internet age technologies such as more flexible shopping and booking technology are allowing airlines new ways to price and distribute their products.
^ATPCO. "Glossary | ATPCO". www.atpco.net. Archived from the original on 2021-04-13. Retrieved 2020-12-30.
restrictions for travelling on the airfare. Airfares are typically made up of fare and rule components that define the airfare product, services and price and...
"Understanding Airfares". Retrieved: 20 September 2012. Bennett, Andrea. "Deciphering Airline Fare Codes Archived 29 August 2012 at the Wayback Machine" Airfare Watchdog...
The Transparent Airfares Act of 2014 (H.R. 4156) was a proposed legislation that would have changed government regulations about how airlines advertise...
billion airfare observations by 2007. Farecast's team of data miners used these airfare observations to build algorithms to predict future airfare price...
Luxury Escapes is an online travel agency for lodging and airfare reservations. Luxury Escapes' partnership with Qantas allows Australian members to link...
Mystifly is an airfare distribution and payments settlement marketplace platform. It allows travel businesses to source airfares from global distribution...
Puerto Rican history. Starting soon after World War II, poverty, cheap airfares, and promotion by the island government caused waves of Puerto Ricans to...
nearly 22% of the total expenditure, followed by restaurants/meals (15%), airfares (11%), fuel (11%) and shopping/gifts (11%). The most visited tourist destinations...
transport system: rail, bus, taxi, etc. In the case of air transport, the term airfare is often used. Fare structure is the system set up to determine how much...
management in Canadian agriculture. Other price floors include regulated US airfares prior to 1978 and minimum price per-drink laws for alcohol. While price...
which ranks in the top 20 websites in the world. He also co-founded the airfare search engine website Hipmunk, which shut down in 2020. Steve Huffman grew...
travel startups. Aviasales emerged in 2007 as a personal blog about bargain airfares. After it developed into a travel service in 2008, the first ticket to...
reply—affirmative—came too late for him to go." Regina did not have the money to pay the airfare, but in 1958, Fischer was invited onto the game show I've Got a Secret...
number of airlines. The class has superseded economy class as the cheapest airfare option for passengers and generally comes with more restrictions when compared...
A Markov perfect equilibrium is an equilibrium concept in game theory. It has been used in analyses of industrial organization, macroeconomics, and political...
October 2012. Brothers, Caroline (17 February 2009). "Sigurdur Helgason, 87, Airfare Pioneer, Dies". The New York Times. http://www.timetableimgaes.com [permanent...
and slower cruising speeds. When world oil prices drove up short-haul airfares in 2006, an increasing number of airlines that had bought regional jets...
a pair of new 3D glasses. It was reported that Katzenberg receives an airfare allowance of $1.5 million per year, which was the most of all media-company...
established and dominant airline stomps out its competition by lowering airfares on specific routes, below the cost of operating on it, choking out any...
Watanabe received "tickets to the Rolling Stones, $12,500 a month for airfare and $500,000 in credit at the gift stores. Harrah's also offered 15% cash...
Washington and Plattsburgh, New York are Canadians, who save money on airfare by crossing the border to the U.S. and flying domestic routes from U.S...
more than 99% of the industry’s intermediated fare data to all the major airfare pricing engines, storing over 351 million active fares in its database...
largest low-fare airline by introducing the industry's first non-refundable airfares, initially called MaxSavers. The mergers and the aggressive marketing led...
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