fare filing systems

Fare filing systems are structured processes used by airlines and travel companies to determine and manage ticket prices for flights. These systems help organizations set competitive rates, apply discounts, and establish rules for different fare classes. They involve complex algorithms and data analysis to account for factors like demand, seasonality, and competitor pricing. By filing fares in an organized manner, companies ensure they can quickly update prices and offer customers the best options, while also maximizing revenue and maintaining efficiency in ticket sales.