Basics Of Airline Fares

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Information about Basics Of Airline Fares
Education

Published on January 27, 2009

Author: magielsr

Source: slideshare.net

Description

How airfares work

Basics of Airline Fares General Introduction

Types of Fares Normal Fares No restrictions, different classes possible Special Fares Restrictions, only in Economy class Normal Fares are higher Normal Fares are the same with every IATA member airline

Normal Fares

No restrictions, different classes possible

Special Fares

Restrictions, only in Economy class

Normal Fares are higher

Normal Fares are the same with every IATA member airline

Factors Influencing Fares Type of Intermediate Stops: Stopover (> 24 hrs) or Transfer Routing Global Indicator

Type of Intermediate Stops:

Stopover (> 24 hrs) or Transfer

Routing

Global Indicator

Global Indicators

Other Factors: Maximum Permitted Mileage (MPM) compared with: Ticketed Point Mileages (TPM): Actual Flown If TPM > MPM a surcharge must be paid NUC: Virtual Currency and IROE Certain Checks: HIP: Higher rated intermediate points BHC: One Way Backhaul Minimum Check CTM: Circle Trip Minimum Check

Maximum Permitted Mileage (MPM) compared with:

Ticketed Point Mileages (TPM): Actual Flown

If TPM > MPM a surcharge must be paid

NUC: Virtual Currency and IROE

Certain Checks:

HIP: Higher rated intermediate points

BHC: One Way Backhaul Minimum Check

CTM: Circle Trip Minimum Check

Type of Journeys One Way Return Journey: Round Trip Circle Trip Open Jaw Round-the-World Journey

One Way

Return Journey:

Round Trip

Circle Trip

Open Jaw

Round-the-World Journey

Open Jaws Open Part must be domestic!

Two Pricing Concepts: Journey Concept Pricing Unit Concept (PUC): Journey may be divided into series of sub-journeys Possible when there are common points and/or countries in a journey Slicing and Dicing: dividing a journey into sub-journeys Why: PUC gives sometimes lower fares

Journey Concept

Pricing Unit Concept (PUC):

Journey may be divided into series of sub-journeys

Possible when there are common points and/or countries in a journey

Slicing and Dicing: dividing a journey into sub-journeys

Why: PUC gives sometimes lower fares

Slicing and Dicing Slice and dice the following journey: Madrid – Lisbon – Cairo – Johannesburg – Surface – Capetown – Cairo - Lisbon - Barcelona BCN MAD LIS CAI JNB CPT

Madrid – Lisbon – Cairo – Johannesburg – Surface – Capetown – Cairo - Lisbon - Barcelona 1. Open Jaw MAD – LIS - BCN BCN MAD LIS CAI JNB CPT 2. Return LIS - CAI 3. Open Jaw CAI – JNB - - - CPT - CAI

Fare Manuals PAT: Passenger Air Tariff Various Volumes: Fares (per hermisphere) Rules Maximum Permitted Mileages

PAT:

Passenger Air Tariff

Various Volumes:

Fares (per hermisphere)

Rules

Maximum Permitted Mileages

How to Read Fares Headline city + Code Fares / Class Normal Print: OW Bold Print: Return Special Fare Carrier Code MPM GI Rule Amount in Local and NUC Local Currency Specified Routing

Headline city + Code

Fares / Class

Normal Print: OW

Bold Print: Return

Special Fare

Carrier Code

MPM

GI

Rule

Amount in Local and NUC

Local Currency

Specified Routing

Read this fare

How to Read Fares: TPM Ticketed Point Mileages (TPM): Departure City (Aalborg) & Arrival City (Billund) Country Code Miles to Arrival City Global Indicator

Ticketed Point Mileages (TPM):

Departure City (Aalborg) & Arrival City (Billund)

Country Code

Miles to Arrival City

Global Indicator

Basic Fare Construction Determine FCP’s NUC (GI & Type) Rule (if any) Note MPM Calculate TPM EMA (if TPM > MPM) EMS (See table) 8. HIP Rule AF: Applicable Fare Check: OW: BHC CT: CTM 13. Total 14. IROE 15. LCF: Local Curency Fare

Determine FCP’s

NUC (GI & Type)

Rule (if any)

Note MPM

Calculate TPM

EMA (if TPM > MPM)

EMS (See table)

8. HIP

Rule

AF: Applicable Fare

Check:

OW: BHC

CT: CTM

13. Total

14. IROE

15. LCF: Local Curency Fare

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