We would like to update you about a few new options added to your fares configuration which will allow more flexibility and dynamic settings for the optimization of your availability and pricing.
Using the new yield management options you will now be able to set dynamic fares that will be available according to the load factor of the booked flight.
Load factor can be calculated using 2 options, according to the cabin capacity or the specific class capacity.
If the "Cabin" option is selected, the system will take all booked seats on the same cabin (i.e. Economy cabin) and divide it by the number of total seats available on that cabin. For the "Class" option, the calculation will be similar but only the seats booked on that class and the seat allotment of that class will be taken into account.
We have added the following 3 fields:
Yield Type: Select the way load factor will be calculated, according to the cabin of the aircraft or the specific class.
Yield show: Set the minimum load factor for which this fare will be shown (in percentage)
Yield expire: Set the maximum load factor for which this fare will expire/disappear (in percentage)
Note that using different show and expiry settings between different fare records should always be done for the same selected class, use the same logic as the "regular" show/expiry options for hours prior to departure.
You can now select the specific days on which the fare will be available.
For example, you can create a record of fares for class Y for the weekdays and another separate record with different prices for the weekends.