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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]
The economy class cabin of an American Airlines Boeing 737 MAX. Basic economy class is a travel class offered by a number of airlines.The class has superseded economy class as the cheapest airfare option for passengers and generally comes with more restrictions when compared to standard economy fares. [1]
The Fares data store contains fare tariffs, rule sets, routing maps, class of service tables, and some tax information that construct the price – "the fare". Rules like booking conditions (e.g. minimum stay, advance purchase, etc.) are tailored differently between different city pairs or zones, and assigned a class of service corresponding to ...
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 .
[1] The MARS system used in JR ticket offices is Japan’s largest online real-time system, providing a year-round availability of 99.999%. [2] It offers a range of services, including seat reservations on Shinkansen and Limited Express trains and fare calculation for basic fare tickets, commuter passes, and express tickets. [3]
A fare basis code (often just referred to as a fare basis) can be 1-8 alphanumeric characters and is used to determine the price and restrictions on a ticket. Fare basis codes start with a letter called a fare code which almost always matches the booking class in which the reservation is booked. Example: Fare basis code WH7LNR tells us the ...
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Sabre Global Distribution System, owned by Sabre Corporation, [1] is a travel reservation system used by travel agents and companies to search, price, book, and ticket travel services provided by airlines, hotels, car rental companies, rail providers and tour operators.