FIRST & FINAL Interline Billing Service
First & Final Interline Billing Service provides accurate coupon values for Interline Billing and Settlement. The billed coupon values are validated allowing acceptance without audit, which eliminates the rejection process. Therefore, “First” time billings are “Final”.
The concept was based on the ability to uplift interline coupons, and bill the issuing airline in a single pass using industry-agreed coupon values. These coupons are determined by a Neutral Fare Proration (NFP) engine. No rejection process is therefore necessary and airlines are able to bill and settle almost instantly, without delays, disputes or retrospective revenue adjustments.
First & Final allows airlines to know their interline revenues early and accurately. Settlement is fast and guaranteed, and revenue adjustments due to repeated rejections and re-billings become a thing of the past. Management information and reporting is enhanced by the comprehensiveness, speed and accuracy of the data, and effort in revenue accounting departments can be focused on more productive activity.
First & Final will become an integral part of the Simplified Interline Settlement (SIS) project.
News from FIRST & FINALTM Interline Billing Service
- 43 airlines represent over 61% of the worldwide IDEC interline volume. They are: AeroMexico; Aeroflot; Aerolineas Argentinas; Air Canada; Air China; Air Europa; Air France; Air Mauritius; Air New Zealand; Alaska Airlines; Alitalia; American Airlines; Asiana; Caribbean Airlines; Cathay Pacific; Central Mountain Air; China Airlines; China Eastern; China Southern; Continental Airlines; COPA; Czech Airlines; Delta Air Lines; First Air; Great Lakes; Hawaiian Airlines; Iberia; KLM; Kenya Airways; Korean Airlines; LAN Group; LOT; Olympic Air; Qantas; Saudi Arabia; Singapore; TAM; TAP; United Airlines; US Airlines; Vietnam Airlines; Virgin Atlantic and Virgin Australia.
- More and more airlines have moved forward and are now settling under First & Final and more will be added to the list in the coming months.
- Over 3 million transactions are currently being processed each month.
Join your interline partners in the First & Final Interline Billing Service.