Passenger trips start off 2018 with 5.7% increase.
M2 EQUITYBITES-February 16, 2018-Passenger trips start off 2018 with 5.7% increase
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Airlines Reporting Corp. (ARC) has reported that the number of passenger trips settled by ARC for US travel agencies increased 5.7 percent to 25,994,191 compared to 24,602,294 in January 2017, the company said.
The consolidated dollar value of airline tickets sold by US-based travel agencies increased 8.4 percent in January as compared to 2017, totaling USD 8.4 billion vs. USD 7.7 billion.
The average US roundtrip ticket price for January 2018 was USD 458, down USD 15 from December 2017. Average January 2018 ticket prices are down approximately two percent compared to January 2017.
Electronic Miscellaneous Document (EMD) sales in January 2018 comprised almost USD 7.3 million, a 23 percent increase compared to January 2017. EMD transactions also increased seven percent to 119,567 in January 2018 vs. 103,329 in 2017.
The Airlines Reporting Corporation (ARC) is the premier driver of air travel intelligence and commerce in the travel industry with business solutions, travel agency accreditation services, process and financial management tools and high-quality data. In 2017, ARC settled USD 88.5 billion worth of airline ticket transactions for more than 7,000 travel agencies with 12,000 points of sale. Established in 1984, ARC is an ISO 27001 certified company headquartered in Arlington, Virginia, with offices in Louisville, Kentucky, Tampa, Florida and San Juan, Puerto Rico. For more information, visit www.arccorp.com and www.twitter.com/arctalk.
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