ARC transactions down 5.6% in February

U.S. travel agencies in February processed 5.6% fewer air transactions than they did a year earlier, according to ARC.

Total air sales including refunds and exchanges dropped 4.1%, the third decline in the past four months.

Excluding refunds and exchanges, domestic transactions and airfare sales in February each decreased by about 6%, while international transactions and airfare sales slid 5.5% and 3.4%, respectively.

However, processed airline fees rose 3%.

Year to date, the total value of airline tickets sold by U.S. travel agencies increased 0.2% to $15 billion, while transactions were down 1.1% and passenger segments down 0.7%, according to ARC.

Source: Business Travel News
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