The International Air Transport Association (IATA) has announced that YY Fares will be rescinded from 31 October 2018. 

The decision reflects the transformation that continues to take place in the distribution of airline products.  

 

YY fares are IATA multilateral interlineable fares. Established in 1945, they successfully enabled consumers to purchase a single ticket in a single currency, giving world-wide travel options on different airlines and luggage checked through to final destination.

 

Until the 1980s, most consumers travelled on YY fares. But competition, deregulation, alliances, liberalised bilateral agreements and developments in anti-trust regulation saw the use of YY fares gradually replaced by fares established by airlines. 

 

Today YY fares account for just 0.03 per cent of tickets sold.

 

While YY Fares will soon disappear, IATA support for the multilateral interline system will continue with global standard setting for fare construction, mileage principles and currency standards. More importantly, airlines and industry partners are working through IATA to focus on the transformation of airline distribution with programs such as New Distribution Capability (NDC) and ONE Order, IATA said.