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FAQ: Air Traveler's Handbook 1/4 [Monthly posting]
Section - [1-3] Fare Classes

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When airlines set their fares, they divide their seating into
"classes", which are based on an analysis of past passenger purchases.
Suppose you have a 100 seat airliner going from DC to SF. The rates
might break down on a particular day as follows:

   30 seats at $315 round trip, 30 days in advance
   20 seats at $350 RT, 21 days in advance
   20 seats at $375 RT, 14 days in advance
   20 seats at $400 RT, 7 days in advance
   10 seats at $450 RT, full fare, available until the last minute.

Now if the time has elapsed within a given price group, then the fare
will go up to the rate of the next price group. If they sell the quota
of tickets for a price group, even if the time has not elapsed, then
they can only sell you tickets at the next rate group price (which is
naturally higher). So it can pay to make your reservations way in
advance. (The number of seats available at each fare varies from day
to day, depending on the airline's yield management algorithm.)

Actually, it would be more accurate to say that airlines distinguish
between classes of service and types of fares. A discount ticket
(fare) for first class travel (service) could, in theory, be cheaper
than an advance purchase ticket (fare) for thrift travel in the first
class compartment (service). The best way to describe it is as a
series of overlapping tiers of fares.

There are five regular classes of service: First, Business, Standard,
Coach and Thrift. Standard is practically nonexistent these days.
Fares usually drop with lower class service. For each class except
Standard there are six main types of reduced-fare tickets: discounted,
night, offpeak, weekend, advance purchase, and excursion fare.

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Top Document: FAQ: Air Traveler's Handbook 1/4 [Monthly posting]
Previous Document: [1-x] Stopovers and Circle Trips
Next Document: [1-4] Classes of Service

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Last Update March 27 2014 @ 02:12 PM