Fare Type

Fare Type refers to the different categories of airfares offered by airlines. These categories are based on various factors such as the time of booking, flexibility, restrictions, and refundability. The most common fare types include Economy, Premium Economy, Business, and First Class. Economy class is the most basic and affordable fare type, while First Class is the most luxurious and expensive. Premium Economy and Business Class offer more comfort and amenities than Economy, but are less expensive than First Class. Fare types can also be differentiated by their restrictions, such as non-refundable or refundable, and their flexibility, such as the ability to change the date or time of travel. Airlines may also offer promotional fares or discounts for certain fare types.
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