Fare Basis (Code)
The sometimes confusing code or codes on which the price of an airline ticket is based. Some itineraries contain many different codes. Most will indicate whether a fare is refundable or not.
Fare basis
Conditions, including service class and ticketing provisions, that determine a fare. Fare basis is designated by identifying letters and/or numbers on a ticket.
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FARE BASIS: Determines how many miles or points are earned based on the fare paid. For example, to accumulate mileage on some airlines, you must pay a published full-fare rate; some programs do not award miles for highly discounted fares.
 See also: Hotel, Service, Flight, Heavy, Airline
  
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