“Fare class” definition:
- also “booking class”
Within each class of service offered by a particular airline, there are multiple categories of airfares, known as fare classes or booking classes.
Fare classes designate the benefits associated with a certain airfare (refundable vs. non-refundable, number of frequent flyer miles earned, etc.) and are also used to determine upgrade and standby priorities. Generally, more expensive fares translate to better fare classes with better benefits and higher priorities.
When purchasing flights online from airline websites, at some point in the booking process you should see a link to the fare rules. In the fare rules, look for the fare basis, a code composed of multiple letters and sometimes numbers. The first letter in the fare basis code is the ticket’s fare class.