F and A: first class. C, J, R, D and I: business class. W and P: premium economy. Y, H, K, M, L, G, V, S, N, Q, O and E: economy.
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Traditionally, an airliner is divided into, from the fore to aft, first, business, and economy classes, sometimes referred to as cabins. In recent years, some airlines have added a premium economy class as an intermediate class between economy and business classes.
Many airlines call their best premium cabin business class, and don't have first class at all. Airlines that do have first class may not offer it on every aircraft type or every flight. One thing, however, is standard: on flights where it's offered, first class is a premium over the business class cabin.
Fare class Q is a revenue fare/booking class of service that is marketed as Main Cabin on Delta Air Lines mainline and code share flights. This fare class is considered a discounted main cabin fare class that is eligible for complimentary upgrades.
Price. Business Class seats are expensive. They are just triple the price of Economy Class, but cheaper than First Class. The departure airport has dedicated business class check-in counters, which are less crowded.
When airlines introduced devotes business class cabins with much better seating, J was used to designate them. They were seen as a premium business class, as opposed to the fancy economy class (same Y seats, just better meals and usually and empty seat).
Economy is the standard, main cabin fare. Whether or not you get meal service depends entirely on the airline and your exact flight. Unless you have a preferred credit card or status with your airline of choice, you are generally permitted one carry-on plus a personal item, but you'll have to pay for checked bags.
In general, first class is the highest class offered, although some airlines have either branded their new products as above first class or offered business class as the highest class.
First class chairs are generally bigger, more comfortable, more private, and more exclusive. But it varies from airline to airline. Some business class cabins, like the Qatar Airways Qsuites, are nicer than many first-class products. Make sure to read reviews of the airline and specific aircraft you are flying.