IATA: YY fares retire after seven decades

The International Air Transport Association (IATA) announced that the YY Fares will be rescinded from 31 October 2018. The decision to rescind YY Fares was taken with a vote by the IATA Passenger Tariffs Conference on 28 June 2017. The rescinding of YY fares reflects the dramatic 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 worldwide travel options on different airlines and luggage checked through to final destination. Until the 1980’s most