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airfare

Airfare is the price charged by an airline for transporting a passenger on a scheduled flight. The fare typically includes the carrier’s service from origin to destination and is presented as the base price before other charges. The total cost paid at booking usually includes government taxes, security and airport charges, and optional services such as seat selection or checked baggage.

Airfares are set through dynamic pricing and yield management. Prices change in response to demand, seasonality,

Common fare types include nonrefundable and refundable fares, basic economy or light fares with restrictions, and

Pricing is distributed through multiple channels, including airline direct sales, global distribution systems (GDS), travel agencies,

Taxes and charges vary by country and airport. Fuel surcharges, security fees, and passenger facility charges

booking
horizon,
competition,
and
route
characteristics.
Airlines
group
fares
into
classes
(for
example,
economy,
premium
economy,
business,
and
first),
each
with
its
own
rules
on
refunds,
changes,
and
mileage
accrual.
Within
a
cabin,
fare
families
and
fare
basis
codes
encode
restrictions.
standard
full-fare
tickets.
Nonrefundable
tickets
may
incur
penalties
for
changes
or
cancellations;
refundable
tickets
may
permit
changes
with
lower
penalties
or
none.
Some
fares
exclude
seat
selection,
meals,
or
checked
baggage,
while
others
include
them.
and
online
travel
agencies.
The
published
price
may
reflect
the
base
fare
plus
taxes
and
surcharges;
total
price
can
differ
by
channel,
and
some
ancillary
services
are
sold
separately.
Fare
rules
and
rules
of
origin
can
affect
travel
and
mileage
accrual.
are
among
common
items
that
can
appear
separately
on
the
ticket.
Consumers
are
encouraged
to
compare
total
trip
cost
and
to
review
fare
rules
before
purchase,
as
similar
routes
can
offer
widely
different
terms
and
prices.