Deciphering the code
The letters airlines assign to certain levels of coach can vary widely, but a couple are universal. "Y" class is a widespread denotation for the highest class in coach among most major airlines, according to Jami Counter, senior director of TripAdvisor Flights and a former pricing strategist at American Airlines. These tickets are usually fully refundable, last-minute coach fares purchased mainly by business travelers. They're the most expensive tickets, but they have the most flexibility.
Some others that are generally used among the airlines: "J" or "C" usually indicate business class. "F" and "P" denote first class or premium. Full article from MSNBC
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