IATA stands for International Air Transport Association.

IATA Accredited travel agent means the travel agent, who is authorized to issue the tickets through the IATA trade system (for all commercial Airlines), using the different GDS platforms it is certified with. The trade association, IATA regulates, facilitates and monitors the procedures of ticketing through GDS and settling the payments through Billing and Settlement Plan (BSP).

Airlines, or the passenger Carriers, are referred as the companies dedicated to air transportation business, locally or globally. IATA member airlines are the air carriers who are associated to the trade collaboration system of IATA, issuing tickets globally through GDS and remit their funds of trade operation through BSP.

Calculation of Airfare is a very critical skill of a Ticketing executive. Many issues lie upon the fare calculation procedure, but in nutshell, fare calculation of Air Ticketing is subject to :

i. Calculating amounts in local currency

ii. Gross Fare and Net Fare Approach

iii. Taxes, Duties and Inclusions/ Exclusion

iv. Adjustment (Deduction or Induction) of the Commissions