Le Lézard
Classified in: Transportation
Subject: Sales

Monthly US Travel Agency Air Ticket Sales Nearly Double in August

Airlines Reporting Corp. (ARC) today released data showing that net sales from ARC-accredited travel agencies nearly doubled month over month, increasing 94% from $387 million in July to $751 million in August 2020.* These results represent a 90% decrease in total dollar volume from August 2019, when sales totaled $7.8 billion.

Month over month, August 2020 results show:

While passenger trips are steadily increasing, the sharp increase in August net sales is largely attributable to a few factors, including an increase in international fares paid, which rose from $18 million in July to $169 million in August, slowing refunds and accelerating travel agency sales.

"ARC is continuing to see gradual improvements in air travel demand over the past month. In addition to passenger trip growth, we are also seeing dramatic improvements in month-over-month net sales for both cash and credit forms of payment, especially for international fares," said Chuck Thackston, ARC's managing director of data science. "It's important to note, however, that this reflects a calming of the high volume of refund transactions that were seen in the early summer.

"Given airlines' recent announcements to remove change fees, as well as their efforts to stimulate demand through enhanced safety measures, we will continue to closely monitor these improving trends in travel demand," Thackston added.

The total number of passenger trips settled by ARC in August was down 76% year over year for August, from 24,817,409 to 6,065,463. U.S. domestic trips decreased 72% YOY to 4.4 million, while international trips numbered 1.6 million, an 82% decrease YOY. The average U.S. round-trip ticket price decreased from $483 in August 2019 to $321 in August 2020.

Electronic Miscellaneous Document (EMD)** sales decreased YOY by 73% to $1,822,500, while EMD transactions decreased by 70% YOY in August, totaling 35,508.

More detailed information is available on ARC's website.

About ARC:

As a leader in air travel intelligence and omnichannel retailing, ARC provides platforms, tools and insights that help the global travel community connect, grow and thrive. ARC enables the diverse retailing strategies of its customers by providing innovative technology, flexible settlement solutions and access to the world's most comprehensive air transaction dataset. In 2019, ARC managed more than $97.4 billion in transactions between airlines and travel agencies, representing more than 302 million passenger trips. For more information, please visit arccorp.com.

Notes for Editors:

*Ticket Sales

©2020 Airlines Reporting Corporation (ARC). All rights reserved.

These press releases may also interest you

at 16:05
CN today reported its financial and operating results for the third quarter ended September 30, 2020. "CN's people never stopped working since the beginning of the pandemic and I am proud of the essential transportation service they have provided....

at 16:05
CN announced today that its Board of Directors has approved a fourth-quarter 2020 dividend on the Company's common shares outstanding. A quarterly dividend of fifty-seven and a half cents (C$0.5750) per common share will be paid on December 30,...

at 16:01
Hawaiian Holdings, Inc. , parent company of Hawaiian Airlines, Inc. ("Hawaiian"), plans to report its third quarter 2020 financial results after the market closes on Tuesday, October 27, 2020.  An investor conference call is scheduled for 4:30 p.m....

at 16:01
Canoo Holdings Ltd. ("Canoo"), a company developing breakthrough electric vehicles (EV) with a proprietary and highly versatile skateboard platform, announced today the appointment of Tony Aquila as Executive Chairman as it prepares for the closing...

at 16:00
Tesseract Structural Innovations announced today that it has entered into a Co-Operation Agreement with Cymat Technologies to combine Tesseract's patented Uniform Deceleration Unit (UDU) technology that absorbs energy in a crash with Cymat's...

at 15:53
VIA Rail Canada (VIA Rail) announces the gradual return to service in Western Canada by providing intercity transportation exclusively between Winnipeg and Vancouver as of Friday, December 11, 2020. After a very thorough evaluation of its health and...

News published on 17 september 2020 at 09:25 and distributed by: