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Farebox recovery ratio. The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses.
The neutral unit of construction or neutral unit of currency (code: NUC) is a private currency used by the airline industry, [1] to record fare calculation information. [2] A set of exchange rates is issued by the International Air Transport Association (IATA) every month. [3] The ticket component prices are converted from the original currency ...
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [89] In 1970 the fare was raised to 30 cents. [90] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The exchange rate used to calculate any international parts of the fare and tax; A "Fare Construction" or "Linear" showing the breakdown of the total fare; Times on airline tickets are generally for the local time zone where the flight will be at that moment. A ticket is generally only good on the airline for which it was purchased.
Fare basis code. A fare basis code (often just referred to as a fare basis) is an alphabetic or alpha-numeric code used by airlines to identify a fare type and allow airline staff and travel agents to find the rules applicable to that fare. Although airlines now set their own fare basis codes, there are some patterns that have evolved over the ...
Metro fares vary based on the distance traveled and the time of day at entry. During peak hours (weekdays from opening until 9:30 a.m. and 3–7 p.m.), fares (effective 2017) range from $2.25 to $6.00, depending on the distance traveled. At all other times, fares range from $2.00 to $3.85 based on the distance traveled.
Available seat miles. In passenger transportation, available seat miles ( ASM) or available seat kilometers ( ASK) [1] is a measure of passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles or kilometers traveled by a vehicle. In the airline industry an available seat mile is the fundamental ...
Generalised cost. In transport economics, the generalised cost is the sum of the monetary and non-monetary costs of a journey. [1] [2] It is sometimes used as a basis for judgements of transit accessibility and equitable distribution of public transit resources. [3]
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