Differences Between Air Fares & Rates
This information will be interesting for both industry vendors and passengers. Opt for the best and the cheapest ticket, for sure!
So the types of airfares go as follows:
- A Published IATA fare
IATA is a global association of airlines. All regular flights of any carrier can not be performed without its approval. Each air company is assigned a unique organization code which goes as the first three digits are on a ticket. International tariffs regulated by IATA are basic ones, independent of the carrier. Information about them is available in e-directories and reservation systems.
- A Published Airline Fare
Here we are dealing with a definite amount for a certain destination & carrier. Such figures also cannot be established and changed without coordination with IATA. The airline can also publish tariffs that have no analogues among IATA’s options, but with the consent of it. As a rule, such a type envisages a high price. It is often used to calculate complex routes involving many operators.
- A Confidential Airfare
If your route is simple and you have already chosen the company to fly with, then it’s best to take advantage of this option. The sum is a commercial secret and is determined by the demand and competition on the destination. You will not see this info in the world reservation systems or in any directories because tickets on such price sold only by the airline itself or its agents.
As for functional, there are three major groups of rates:
It does not impose any restrictions on transportation. These include tariffs: the first (“F”), business (“C”) classes and the full annual economic class one (“Y”). Such tickets are usually subject to a full refund, free change of dates and route, have no limitations either by dates or by duration.
A certain transitional kind between normal and special (in the name there is usually “EE”). It usually has a minimum and maximum stay at your destination. The ticket issued at this rate is almost always subject to a full refund, allows you changing the dates and route.
The most extensive category, which is used by the bulk of passengers. The logic of the airline here is obvious – the cheaper the flight is, the more stringent the conditions. Therefore, it makes sense to consider the main terms and limitations in detail.
Another important criterion is intermediate stops along the route. Stopover is considered a stop for more than a day. Almost all tickets of this kind do not allow such option or require a certain surcharge for such an opportunity.
All special fares have fixed departure and arrival dates, the change of which is strictly prohibited or allowed with significant fines. The refund of a ticket issued at a special rate possible only in exceptional cases.
Another feature is the impossibility to book it: in the rules it is indicated that the payment and issuance of the ticket must be made no later than 24 – 72 hours after the booking.
As you can see, financial aspect of civil aviation is a very difficult one. You should be a real expert in the field to fully understand how everything works. Consult your travel agent or carrier representative for further explanation.