What do you understand by Fare Construction in Aviation industry? Explain the steps of Fare Construction.
Fare construction in the aviation industry is the process of determining the price or fare for an air ticket. It involves various components and factors that contribute to the final cost of the ticket. Understanding fare construction is essential for airlines, travel agencies, and passengers to comprehend how airfares are calculated and what elements influence their pricing. Let's delve into the steps of fare construction:
1. Base Fare: The base fare is the starting point of fare construction. It represents the cost of transportation from one destination to another without considering any additional fees or taxes. _____ _______ _______ _____ ____.
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