To amend title 49, United States Code, to direct the Secretary of Transportation to issue regulations to ensure airfare fairness in the wake of a disaster or emergency, and for other purposes.

Airline Freeze of Astronomical Increases in Rates Act or the AirFAIR Act This bill makes it an unfair or deceptive practice to impose an excessive price increase for air transportation tickets in circumstances related to a disaster or emergency. The Department of Transportation must issue regulations to establish standards for determining whether an increase in a ticket price is considered excessive.