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The neutral unit of construction or neutral unit of currency (code: NUC) is a private currency used by the airline industry, [1] to record fare calculation information. [2] A set of exchange rates is issued by the International Air Transport Association (IATA) every month. [3]
To sell the airfares many airlines rely on inventory allocations within finite, alphabetically-defined sub-groups – "inventory buckets" – and fare codes for each fare sold. Airlines have sold airfares in this way since the beginning of commercial air travel and before computer reservations systems existed. As new computerized systems were ...
The Airline Tariff Publishing Company (commonly known as ATPCO) is a privately held corporation that engages in the collection and distribution of fare and fare-related data for the airline and travel industry. ATPCO currently works with more than 440 airlines worldwide, and it supplies more than 99% of the industry’s intermediated fare data ...
Airfare prices will be the highest they’ve been in five years.
A fare basis code (often just referred to as a fare basis) is an alphabetic or alpha-numeric code used by airlines to identify a fare type and allow airline staff and travel agents to find the rules applicable to that fare. Although airlines now set their own fare basis codes, there are some patterns that have evolved over the years and may ...
Ultimately, airlines use complex algorithms to determine pricing for their fares, and these factors are just part of the equation. Tips for finding cheap flights To get the best deal on domestic ...
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