Saturday - Sep 23, 2017

Airlines Reporting Corporation reports increases in air fares in April

Airlines Reporting Corporation reports increases in air fares in April

Figures released recently by the Airlines Reporting Corporation (ARC), the United States’ leading financial transaction processing and settlement, show that airfares for tickets processed through them during the month of April showed a considerable increase from April of last year, overall reaching high levels for at least the last 12 months, according to ARC’s AeroTrend analysis tool.

Owned by nine other US’s major airlines, ARC also provide details of transactions within a broad spectrum of industries, which gave them a unique insights into the airline industry.

ARC reported that average domestic round-trip ticket prices showed an increase before tax of around 5% among traditional travel agencies, among them American Express, BCD Travel, Carlson Wagonlit Travel, Expedia’s Egencia, Hogg Robinson Group and Omega World Travel, while online agencies showed roughly the same level of increases.

Business travellers who did succeed in bucking the trend were those who, either by accident or design, booked their flights closer to the departure date, although there were still required to pay more than it did for the same service last year for around 3%.

On a contrary note, business travellers who took the cautious step of booking their flights well in advance, were required to pay higher prices.

Yet, despite the price increases, according to ARC data booking levels either through traditional travel agencies or online showed a considerable increase during the month of April. Data from ARC revealed flight booking transactions jumped by 2.5 percent in April from the same month last year to more than 2.6 million, making for the third consecutive month of growth in air flight bookings after a minor downturn in bookings that we’re recorded in January.

Surprisingly, according to ARC data, online travel agencies saw their booking levels continue to attract, with transactions during the month of April dropping by around five percent to just over than 4 million. Since January 2013, online booking agencies have been witness to a steady drop in transactions through the ARC.

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