Fare Classes

Fare classes are codes used by airlines to identify a specific type of fare, which determines the price, rules, and restrictions associated with a particular ticket. Each fare class has its own set of terms and conditions, such as the ability to make changes or cancellations, the amount of refund allowed, and the eligibility for upgrades or frequent flyer miles. Fare classes are typically identified by a single letter, such as Y for full-fare economy or J for business class. Airlines use fare classes to manage inventory and maximize revenue by offering different prices for the same seat based on demand and booking time.

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Fare Classes

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