Airfare

Airfare refers to the price that a passenger pays for a ticket to travel on an aircraft. The airfare may vary depending on the airline, the class of travel, the destination, the time of year, and the demand for the flight. Airfares are typically determined by a complex system of pricing algorithms that take into account a variety of factors, including the cost of fuel, the cost of maintaining the aircraft, and the competition from other airlines. Airlines may also offer discounts or promotions to attract passengers, or adjust their prices in response to changes in the market. Airfares are a major source of revenue for airlines, and are a key factor in determining the profitability of a particular route or flight.
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