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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:
Splitting the market into peak and off-peak use of service is common and occurs with energy and cinema tickets, as well as gym membership and parking. [34] In order to offer different prices for different groups of people in the aggregate market, the seller has to group its consumers. Prices must be set prices to match to buyer preferences. [35]
An airline consolidator is a wholesaler of airline tickets, sometimes described as a broker. [1] Airlines make tickets available to consolidators at significant discounts and special conditions to those available to the general public. Consolidators seek to reach more niche markets, and are able to offer discounts and fare flexibility that is ...
Yield management (YM) is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats, hotel room reservations, or advertising inventory). [1] As a specific, inventory-focused branch of revenue management ...
Website. arccorp.com. The Airlines Reporting Corporation (ARC) is a company that provides ticket transaction settlement services between airlines and travel agencies (both traditional and online) and the travel management companies that sell their products in the United States. ARC, which is owned by nine major airlines, also offers its ...
The Australian airline on Monday told CBS MoneyWatch that it sold 300 first-class tickets between Australia and the U.S. for 85% off their usual price — an unheard of discount.