Fare rules

Fare rules are a set of conditions that determine the price of an air ticket for each seat class. They also define whether a ticket is refundable or nonrefundable or whether additional charges are applicable (e.g., for baggage or booking changes).

These rules are set up as part of the airline’s revenue management strategy within a rule-based dynamic pricing approach. They are stored at the airline’s central reservation system (which is the main module of a passenger service system or PSS).