Fares

PHPVMSGEN FARES BUILDS

How does PHPVMSGEN deal with fares ? .

Fare Classes

PHPVMSGEN works with the three standard fare classes of Economy,Business and First.

PHPVMS CSV Import

PHPVMSGEN creates csv files that are suitable for import to PHPVMS via the Fares Maintenance Admin Function.

Fare Information

Standard Items such as fare type and name with the basic price and an option to create a fare cost.

Fares Selection

The fares selection on the build process is quite flexible and allows a variety of types and allocations

CALCULATIONS

Based on your selections fares are calculated accordingly see example below.

Instructions

As part of the build process you will receive a detailed build report with full instructions on what file to load and how to load it into PHPVMS.

EXAMPLE FARE CALCULATION

A worked example based on some selections you make

The input selected was to have an Economy Class fare with a basic cost of 65 and a per-mile cost of 0.15. Also a fares cost of 12.5% of basic fare

For this example we use the following sample flight from Amsterdam to Rome which is around 700 nautical miles.

Fares Calculation

To calculate the Economy fare we multiply the per mile by the nautical miles and add it to the basic fare

So the Economy Class Fare was calculated to be 170 that is 65 + (700*0.15) rounded to nearest 2 decimal places

You could simply apply this fare to the flight if you selected to do so, however it is not recommended to do this as if you wanted to increase prices by 10% in the future you would have to edit all the flights one by one.

PHPVMS has a simple way to overcome this problem by using percentages instead. So rather than store the actual value of the fare you store the percentage compared to the base value of the fare. Going Back to the example calculation we have the Economy Class Base Fare of 65 and the calculated fare of 170. This will give an Economy Class Fare Percentage Value of 261.54% and this will be the value stored with the flight if fares selected for storage.

So we will do the calculations again with a 10% increase in the basic price. We had a basic price of 65. After adding 10% our basic fare is now 71.5. We had a per mile price of 0.15 and after adding 10% our per mile price is now 0.165. So the Economy ClassFare was calculated to be 187 that is 71.5 + (700*0.165) rounded to nearest 2 decimal places. We have the Economy Class Base Fare of 71.5 and the stored percentage 261.54%. This will give an Economy Class Fare of 187 but without having to edit the individual flights.

Final Note about fares is that you can have a cost associated with each fare. PHPVMSGEN works this out at being a value as input or in the case of a percentage input this is calculated as a percentage of the base fares howeverthis is only a rough figure and you may need to adjust this yourself as you may have expenses set up as well.