Although most airlines only have three classes of service -- economy, business and first class -- a carrier can choose to categorize its fare prices with almost every letter of the alphabet. Airlines categorize tickets in several fare classes with different costs, restrictions and frequent flyer earnings to maximize their potential for selling tickets and taking off with a full flight. Understanding ticket classes, including V class, can help you make a more informed choice next time you are buying an airline ticket.
Class
Fare class V tickets are always a sub-class of economy tickets. V-class ticket holders sit in the coach cabin of the aircraft but are not limited to any specific seats, so you can book a seat in the first row of the cabin, in an exit row or in the last row. Although fare codes vary throughout the coach cabin, all passengers with coach tickets receive the same treatment when on board the aircraft.
Cost
While airlines differ in their hierarchy of letters for coach class fares, V class usually falls on the lower third of the fare spectrum, making it a discounted fare class. The discounts available with V-class tickets, as with other deeply discounted fare categories, are available to passengers who book early.
Restrictions
Discounts also come with restrictions, though. On many airlines, V-class tickets are nonrefundable and nontransferable. However, you are allowed to upgrade with a V-class ticket on some airlines. Check with your airline and read the fine print before booking your ticket online to find out what restrictions a V-class fare incurs on the airline you are flying.
Frequent Flyer Miles
V-class tickets, like most other economy tickets, usually award travelers with 100 percent of the miles traveled added to their frequent flyer mileage. Business and first-class fares can award anywhere from 125 to 200 percent of miles traveled. Unless your V-class ticket is the most discounted fare for the airline, which it usually is not, you will probably get 100 percent of your journey's miles credited to your frequent flyer account. Again, check the rules and restrictions before booking the ticket.