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In the airline industry, available seats are commonly referred to as inventory. The inventory of an airline is generally classified into service classes (e.g. economy, premium economy, business or first class) and any number of fare classes, to which different prices and booking conditions may apply. Fare classes are complicated and vary from ...
In airline reservation systems, a record locator is an alphanumeric code used to identify and access a specific record on an airline’s reservation system. An airline’s reservation system automatically generates a unique record locator whenever a customer makes a reservation or booking, commonly known in the industry as an itinerary.
The airline was founded on February 26, 1941, as Philippine Air Lines when its franchise to operate was transferred from Philippine Aerial Taxi Company (PATCO). [3]Formerly one of the largest airlines in Asia, PAL was severely affected by the 1997 Asian financial crisis.
E-tickets in the airline industry were devised in about 1994, [1] and have now largely replaced the older multi-layered paper ticketing systems. Since 1 June 2008, it has been mandatory for IATA members to use e-ticketing. Where paper tickets are still available, some airlines charge a fee for issuing paper tickets.
An airline ticket is a document or electronic record, issued by an airline or a travel agency, that confirms that an individual is entitled to a seat on a flight on an aircraft. The airline ticket may be one of two types: a paper ticket , which comprises coupons or vouchers; and an electronic ticket (commonly referred to as an e-ticket ).
Fare construction refers to the application of fares which can cover the flights in the reservation, necessary to price the air ticket for issuance. It is commonly presented as a single line with standardized codes [7] which can be used for travel agents to price the ticket in global distribution systems. For example, a fare construction may say:
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