Airlines Reporting Corporation

Airlines Reporting Corporation
Abbreviation ARC
Formation January 1, 1985 (1985-01-01), Washington, D.C.
Type Private
Purpose Financial and Data services to the travel industry.
Headquarters Arlington, Virginia
Membership
 200 airlines, 9,400 travel agencies, 13,000 points of sale
Key people
  • Mike Premo (President and CEO)
  • Bonnie Reitz (Chairman of the Board)
Website arccorp.com

The Airlines Reporting Corporation (ARC) is a company which provides ticket transaction settlement services between airlines and travel agencies (both traditional and online) and the travel management companies that sell their products in the United States. ARC, which is owned by nine major airlines, also offers its transactional data within various industries, including financial, to help them gain better insight into the airline industry. ARC assists more than 9,400 travel agencies with 13,000 points of sale and over 200 airlines to easily engage in commerce. In 2015, ARC processed more than $88 billion[1] worth of transactions for its customers.

History

ARC was established on September 17, 1984 as a Privately held company following airline deregulation in the United States. The corporation began operations on January 1, 1985 in Washington, D.C., settling financial ticket transactions between airlines and travel agencies. ARC is the successor to the Air Traffic Conference of America, an operating division of Airlines for America, formerly known as the Air Transport Association of America, Inc. (ATA).

ARC's primary mission is to support the travel industry by providing transaction settlement between travel suppliers and resellers. The corporation also accredits travel agencies in the United States to sell airline tickets, and provides data information services and analysis based on archived aggregated data.

Shareholders and Board Member Companies

Shareholders:

Additional board members:

Awards

References

  1. ↑ "Travel Weekly".
  2. ↑ DM Review (now Information Management)
  3. ↑ TDWI
  4. ↑ Washington Business Journal's Healthiest Employers
  5. ↑ Travel Weekly

External links

This article is issued from Wikipedia - version of the Saturday, January 16, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.