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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".
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 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.
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]
Rail operators are government-assisted profit-based corporations, fares and ticketing on Singapore 's Mass Rapid Transit (MRT) system are aimed to break-even or exceed operating expenses. [1] [2] Rail operators collect fares based on account-based (ABT) and card-based ticketing options, [3] [4] the prices of which are calculated based on the ...
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 ...
Taximeter. A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them.