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Federal Lowest Economy Airfare Travel Reimbursement Exception Form Effective: March 1, 2016, Airfare Restrictions on Federal Awards Federal regulations (2 CFR 200.474.3(d)) require that airfare costs
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Federal lowest economy airfare refers to the minimum fare for air travel set by the federal government.
Airlines and travel agencies are required to file federal lowest economy airfare.
To fill out federal lowest economy airfare, airlines and travel agencies must report the minimum fares for air travel to the appropriate regulatory body.
The purpose of federal lowest economy airfare is to ensure fair pricing and competition in the air travel industry.
The information reported on federal lowest economy airfare includes the minimum fares for different routes and classes of service.
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