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Glossary for the airline industry

From A-Z, this glossary covers definitions and explanations for common airline industry terminology.

validate

To authenticate or substantiate a fare component.

validating carrier

The carrier whose ticket stock was used to issue the ticket. This carrier is commonly the holder of the money for the ticket. Also called plating carrier.

vendor

An organization that does not have an IATA-assigned two-character code.

via point

An intermediate point between two terminal points of a fare component.

voluntary cancellation

A cancellation of a ticketed itinerary that the passenger requested where there is no replacement itinerary and the ticket is refunded or discarded (no value). Does not include lost tickets.

voluntary changes

A change in the ticketed itinerary that the passenger requested where there is a replacement itinerary and the ticket is reissued/revalidated. Passengers who wish to standby for a flight are not included in this definition.