“Y” tickets usually earn a lot of miles because they usually cost a lot of money and come with few restrictions. “Y” is usually the highest possible fare class in the Economy Cabin. For example, Economy ( Y) tickets are usually the most expensive tickets in Economy because they are usually fully refundable and changeable for no fee. Booking ClassĮach flight is booked into a certain booking fare class – this is usually associated with a letter. The reality is that each route/flight/ticket that has a fare has the above components in it. Airline Fares usually have the following components (and more):įares are constructed, created, and priced based on some of the following criteria:Īs you can see, those are some long lists. Generally, the less you are paying, the more restrictions come with the ticket and associated fare.Ī fare is very complex – it isn’t as simple as just a price (what the passenger sees), it is a long list of rules and restrictions that apply to that ticket for a certain price. Have you ever noticed when you go to buy a flight there are many price points for that flight? Aside from different fares for First Class, Business Class, Premium Economy Class, and Economy Class, there are specific fares in each cabin – for example, non-refundable, basic, standard, flex, fully refundable, etc. Not only that, there isn’t just one fare for one specific routing – there can be lots and lots of fares for each flight, even if it is the same exact flight. There are different fares for different routes, airlines, peak travel times, etc. Every flight combination has a fare – the fare is essentially the rules and restrictions associated with that ticket and the price you need to pay.
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