Airlines Reporting Corp. (ARC) has reported that the average US roundtrip ticket price for March 2017 was USD 498, up a few dollars from USD 487 in February and USD 464 in January, the company said.
The consolidated dollar value of airline tickets sold by US-based travel agencies increased 6.4% in March as compared to 2016, totaling USD 8.8bn vs. USD 8.3bn. Total fares also increased 8% to USD 7bn compared to USD 6.5bn in 2016. The number of passenger trips settled by ARC for US travel agencies also saw an increase of nearly 8% to more than 26,516,000 compared to nearly 24,610,000 in March 2016.
Electronic Miscellaneous Document (EMD) sales, which include fees for products and services such as upgraded seats, checked luggage, an unaccompanied minor, pet-in-cabin, etc., comprised nearly USD 9.3m, a 239% increase over 2016. EMD transactions increased 376% to nearly 159,000 in March 2017 compared to nearly 33,400 in 2016.
ARC drives 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 2016, the company settled USD 86bn worth of carrier ticket transactions for nearly 7,000 travel agencies with more than 12,000 points of sale. It is headquartered in Arlington, Virginia, with offices in Louisville, Kentucky; Tampa, Florida; and San Juan, Puerto Rico.