 In fact, the lowest fare is usually the first fare quoted, and therein lies a trap. In many cases, that first fare is somewhat misleading because it's actually a basic economy fare, which gives you few rights, and that includes refunds, seat selection, baggage, and in some cases, even the ability to earn mileage. My philosophy? Friends don't let friends fly basic economy. For an average of $30 more per segment, you get to protect yourself.