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Airfare Consolidators: The Airfare Stock Market
By Cassandra Ingraham
Airfare Consolidators have been saving Travelers hundreds of dollars on airline tickets for years. The big question for most consumers is: “Where do you find these Consolidated Airfares?”
You guessed it, your Travel Agent. More and more travel agencies are developing a relationship with Consolidators. It is up to you to locate a trusting Agency that will purchase these tickets for you without adding a huge markup. These fares are called "unpublished airfares" and not all travel agencies provide these types of tickets to their clients.
The Consolidated airfares change from minute to minute and are based upon demand. It’s like an "Airfare Stock Market"
Very few companies take the time to up date the Consolidated Airfares online through out the day. It’s just too time consuming. So when clients need a ticket, the Travel Agency calls the Consolidators, gets the rate directly from the wholesaler (in many cases they are the wholesaler) and relay the information to the Travel Agent. The Travel Agent then relays the information to the consumer. Any delay in the purchase results in a lost of the airfare at the quoted price.
This process can take a half a day to complete. Most consumers want their Tickets NOW. When dealing with Consolidated Airfares, patients is a virtue.
Of course you want to locate a Travel Agent that you can trust. The credentials that you would look for when searching for a reputable Travel Agent are:
1) Does the Agent have an ARC Number? ARC stands for the Airlines Reporting Corporation – This is an airline-owned company offering travel products and services, ticket distribution and settlement through a variety of channels in the United States, Puerto Rico and the U.S. Virgin Islands.
2) Or, Is your Agent a member of THE INTERNATIONAL AIRLINES TRAVEL AGENT NETWORK? IATAN's mission is to promote professionalism, administer meaningful and impartial business standards, and to provide cost-effective products, services and educational programs that benefit the travel industry
3) Or, does your Agent have a “TRUE” Identification? TRUE (Travel Retailer Universal Enumeration) System's sole purpose is to help provide sellers of travel with the assignment of travel industry numeric codes that are recognized by the travel supplier community, including cruise lines, tour operators, hoteliers, and car rental companies.
4) As of the date of this article, if you live in California, Florida, Hawaii, Illinois, Iowa, Louisiana, Massachusetts, Michigan, Nevada, New York, Ohio, Oregon, Rhode Island, Texas, Virginia or Washington, your Agent would need to be registered with the State’s Attorney General’s office as a Seller of Travel.
5) And/Or is a member of OSSN, (Outside Sales Support Network) The International Association for Independent contractors and Home Based Travel Agents
The highest standards in the Industry for consolidators are set by the United States Air Consolidators Association. (USACA) However, many of the Consolidators only sale to Certified Travel Agents with any of the qualifications listed above.
This article is written by Cassandra Ingraham, webmaster for http://www.travel360degrees.com “Travel is Education at Its Best” A travel site with “choices” for discount travelers. Sign up today for free Travel Coupons for International and US destinations.
Article Source: http://EzineArticles.com/?expert=Cassandra_Ingraham
http://EzineArticles.com/?Airfare-Consolidators:--The-Airfare-Stock-Market&id=46657
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Air China Airlines Specific links
Air China Airlines News
Air China Will Pay Up to $814 Million for 10 Airbus 320-Series Aircraft
Air China Ltd. said one of its airlines will buy 10 Airbus 320-series planes.
Read more...Air China subsidiary to buy 10 Airbus planes for 814 mln USD
Air China, the country's leading carrier, said late Friday that one of its subsidiary airlines would pay 814 million U.S. dollars to buy 10 Airbus 320-series passenger planes.
Read more...Air China subsidiary to buy 10 Airbus planes: statement
Chinese flag carrier Air China announced Friday that its subsidiary Shenzhen Airlines had agreed to buy 10 aeroplanes from Airbus at a price of 814 million US dollars.
Read more...Air China's Shenzhen Air buys 10 Airbus 320 aircraft
BEIJING, July 30 (Reuters) - Shenzhen Airlines, part of Air China <601111.SS>, bought 10 Airbus 320 aircraft on Friday, Air China said in a filing to the Hong Kong stock exchange.
Read more...Air China, Chinese Carriers Raise Ticket Prices, Shanghai Daily Reports
Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp. raised ticket prices for premium seats this month as business travel demand improved, the Shanghai Daily reported today, without saying where it got the information.
Read more...Shenzhen Airlines to buy 10 planes
HONG KONG - CHINESE flag carrier Air China announced on Friday that its subsidiary Shenzhen Airlines had agreed to buy 10 aeroplanes from Airbus at a price of US$814 million (S$1.1 billion)
Read more...Airlines living on the edge: CEO
Airlines talk business in billions but the difference between big profits or large losses is small, says Cathay Pacific Airways chief executive Tony Tyler.Airlines went through a desperately bad time during 2008 and 2009, with...
Read more...Shanghai Airlines leaving Star Alliance, thanks to China Eastern
Got Star Alliance points? Then, if you like taking Shanghai Airlines flights, you'd better use up your miles before the end of October . The airlines was taken over by China Eastern last year and will now "maintain the consistency of the new China Easten Airlines" by leaving Star Alliance and possibly joining up with SkyTeam, China Eastern's airlines miles group of choice. Even if you don't ...
Read more...China Southern Gains After Airline Says First-Half Profit May Rise 5,000%
China Southern Airlines Co., the nations biggest airline by fleet size, rose to the highest level in more than two months in Shanghai after saying first- half profit may have risen 5,000 percent.
Read more...China Southern Air sees H1 profit up over 5,000 pct
HONG KONG, July 28 (Reuters) - China Southern Airlines <1055.HK> <600029.SS> said on Friday it expects its first-half profit to rise by more than 5,000 percent.
Read more...