Air Ticket Refunds Show Slight Increase Since Bin Laden Death

Data Shows a Small Percentage Rise Compared to Refunds the Week Before

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May 05, 2011, 10:21 ET

ARLINGTON, Va., May 5, 2011 /PRNewswire/ -- ARC announced today that refunds for airline tickets sold by U.S. travel agents, including online travel websites, have increased in the days since Osama Bin Laden's death. Initial data revealed ticket refunds increased to 33,518 on Monday, May 2 and Tuesday, May 3 compared to 24,146 on Monday, April 25 and Tuesday, April 26 the week before. Refunds processed on May 2 and 3 represent 2.6 percent of the 1.3 million outstanding air tickets during this period, versus 1.9 percent of the 1.2 million outstanding tickets during April 25 and 26.

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About ARC:

As the financial backbone of the travel industry, ARC enables commerce among travel agencies, airlines, and travel suppliers, and offers them secure and accurate financial settlement services. More than 16,000 travel agencies and 190 airlines use the company's transaction settlement services that, in 2010, totaled more than $77 billion in value. ARC also supplies transactional data to organizations, facilitating better business decisions through fact-based market analyses. Established in 1984, ARC is headquartered in Arlington, Va. For more information, visit www.arccorp.com.

SOURCE ARC