How to find IATA YY Rates?
 

Hi!

I have a job which pays for sending me home once every 2 years, they either buy the ticket or give me a lump sum. The lump sum is a percentage of the IATA (YY) Economy ticket, does anyone know what the IATA (YY) Economy rates are from NYC - ARN and NYC - MXP?

It looks like you can get them yourself from Expertflyer or KVS.

http://www.flyertalk.com/forum/12790827-post2.html

http://www.flyertalk.com/forum/trave...ata-rates.html

So that OP doesn't have to pay EF or KVS, here are the fares. OW refers to one-way fares, RT refers to round-trip fares.

NYC-ARN:
https://i.imgur.com/mwrbR3X.png

NYC-MXP:
https://i.imgur.com/HxxwGSK.png

Economy is cabin "E" or booking class "Y".

Is there any advantage to you in getting the lump sump vs. just having them buy the ticket? I don't see that this would be a money making venture for you (finding a sub IATA rate ticket and pocketing the rest) for the time invested.

Deep discount economy ticket can be booked for far less (more than half) then the YY rates.

Also worth knowing if they'll tax you on that lump sum or not.

As I can pocket the difference (they save the administration) - again I don't get the whole amount, it's 70% I believe. I usually get the lump sum and find the cheapest flight possible ($550 to ARN is what I have booked).

$4000 * 0.7 > $550

Thanks for the help guys!

or take the lump sum and buy a discounted J fare with it.

This is what I would look in to. You should be able to find some cheap J fares for the lump sum.

The OP's situation is actually a nice benefit of ROAs (regular overseas assignments) in the oil industry. While business trips are usually paid by the company directly to provider, personal travel (vacation, time off, home visits, whatever) are often given as the cash equivalent of full fare coach tickets, even business sometimes to the employee. Often, it is not a trivial amount that can be realized in the difference between full fare and discount fares. Seriously.

I rode in First Class overseas a lot on TOAs (temporary overseas assignments) while, in the same plane, a couple of employees of our partner company on ROAs were in coach, pocketing the difference between discount coach or business). They did it while flying IAH-DFW/SLC-Portland-Nagoya. They wouldn't do it if it was a couple of hundred bucks.

As for taxes on these types of situations, the benefits (travel home payments, for example) are grossed up by the company at tax time, so the additional tax liability is avoided on the whole amount, whether or not the full amount is used for tickets.

Exactly what IAH-OIL-TRASH said: I'm on a ROA. Regular business trips are booked by my employer in Y or C, home visits are cash equivalent of full fare coach tickets if I so choose (but I have to actually fly home, so no going on vacation elsewhere).

Some of our customers have full fare economy partnerships with UA, DL, 9W, KL etc. Temp workers buy the tix through a special website (hosted by Amex I think). I have been told that most times the fare difference is so minimal, that the people end up buying discounted biz for the same price. Pocketing the difference is not an option. (yes our customers are oil industry related).

That's different. In a lot of cases, ROA employees just receive the money in their pay checks and are free to do whatever they want with it - buy tickets (thru whoever), buy cases of Reese's peanut butter cups, put it in their piggy-bank, whatever....it's actually treated as compensation.

In most cases, the employees opt not to go thru corporate travel sites.

We would appreciate it if you didn't post our data with the express purpose of preventing others from signing up for our service, especially without any attribution to the source of the data.

ExpertFlyer has a "Share Results" button at the top of each results page that allows you to share the results with the proper attribution to ExpertFlyer, thanks.

KVS often swoops in and shares information (with attribution) proactively. I'd kindly suggest that approach, or dropping in to cheerily say "remember folks, you can sign up for expertflyer for a low monthly rate" rather than public chastising approach.