This is just an IATA (International Air Transport Association) code. IATA codes are used in aviation to identify and differentiate airports. That’s why a Fairbanks Airport flight would often be abbreviated as a FAI flight.
If you book a flight to Fairbanks, you will be flying into Fairbanks, which is the city’s only airport. Fairbanks (FAI) is located 7.3 km from the center of Fairbanks.
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