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YY fares – why are they relevant?

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Presentation on theme: "YY fares – why are they relevant?"— Presentation transcript:

1 YY fares – why are they relevant?
ZED MIBA AGM 2018 | Dubrovnik

2 Retirement of YY fares To know more about the history and mechanism of YY Fares, watch the video available at the link below

3 Used for passenger travel on interline basis
Known as IATA fares Used for passenger travel on interline basis Creating fares for Ship‘s Crews, Student Fares, Reduced fares for Tour Conductors Used for Base Amount selection in revenue accounting purposes ZED MIBA AGM 2018 | Dubrovnik

4 Airlines refer to IATA (YY) fares in interline and other agreements
In addition – IATA (YY) fares are often used to calculate ID50s because…. ZED MIBA AGM 2018 | Dubrovnik

5 YY fares are fully refundable YY fares are fully changeable
YY fares have no sales restrictions no travel restrictions any carrier can use them ZED MIBA AGM 2018 | Dubrovnik

6 ZED MIBA AGM 2018 | Dubrovnik

7 The result in using YY fares is often a very high fare, disproportionate to the average commercial fare on the sector. ZED MIBA AGM 2018 | Dubrovnik

8 These YY fares will cease in november 2018, so we have to future-proof ID50.
ZED MIBA AGM 2018 | Dubrovnik

9 Result = under/over collection
Unrestricted Fares, other than YY, do exist and can be used, but may not exist in every market and on every route, so concurring partners often have difficulty in finding the correct fare to use to calculate ID50. Result = under/over collection ZED MIBA AGM 2018 | Dubrovnik

10 Restricted Fares are mostly carrier fares with restrictions, such as:
Travel period Sales allowed for certain agents only Specific markets only or some markets excluded Mostly non-refundable, with penalties for changes ZED MIBA AGM 2018 | Dubrovnik

11 This does not meet our requirements.
Carriers can allow ID50 from restricted fares, but some carriers insist that the fare conditions must follow the original fare rules. This does not meet our requirements. ZED MIBA AGM 2018 | Dubrovnik

12 In Appendix Fares – Section D.3.a says:
“ID50/IDMH Duty Travel or Crew Deadheading  >  Members may bilaterally agree to a 50% discount off the Transporting Airline's lowest applicable unrestricted or IDMH zonal fare for confirmed space travel in business  or economy class” So – if the Transporting Airline does not have an unrestricted economy fare at all, what then? ZED MIBA AGM 2018 | Dubrovnik

13 What concurring partners will have to do is:
Be specific as to the fare types to use for ID50 and determine the booking class. Or ZED MIBA AGM 2018 | Dubrovnik

14 Remove ID50 as a ZMF option and, as with leisure travel, retain mileage based fares only.
ZED MIBA AGM 2018 | Dubrovnik

15 Thanks ZED MIBA AGM 2018 | Dubrovnik


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