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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:
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]
This type of accommodation is created for less well off people, who desire a comfortable travel at lesser fare. First Class (FC), which is similar in configuration to the 1A class but lacks air conditioning. The class is currently being phased out in favor of the slightly expensive 2A and cheaper 3A classes.
A fare class (otherwise known as booking class) is an airline industry term that indicates travel class and refers to the quality of seat, cabin, or other characteristics of the class of travel. Fare classes are used by most airline reservations systems and revenue management departments to divide every seat on a plane into different categories ...
International Air Transport Association airport code; International Civil Aviation Organization; Air Grace Aviation Academy- Academy which teaches Travel and Tourism Courses; IATA has divided the world into 3 areas. These are also known as Traffic conference areas (TC-1 / TC-2 / TC-3)
If the new ticket is for a lower class of service, the air carrier would have to refund the cost difference; if the booking is in a higher class of service, passengers cannot be charged extra.