Hoping to benefit from a reduction in the fare (2,1,4)

'hoping to benefit' is the definition.
I don't know anything about this answer so I cannot tell whether it can be defined by this definition.

'from a reduction in the fare' is the wordplay.
I cannot quite understand how this works, but
'from' could be 'o' (I've seen this in other clues) and 'o' is present in the answer.
'a' is within the answer.
'the' could be 't' (the is pronounced as a 't' sound in some dialects) and 't' is present in the answer.
'fare' could be 'e' (E is an example) and 'e' is found in the answer.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?