Thursday, July 18, 2024
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Airlines Reporting Corp. (ARC) today announced that airline ticket sales from U.S.-based travel agencies reached $53 billion between January and June 2024, the highest six-month total ever for ARC.
In the first six months of the year, the overall results indicated the following:
| measurement | the total | Variation from year to year |
|---|---|---|
| Total sales | $53 billion | +1% |
| Total passenger trips | 149 million | +5% |
| Domestic flights in the United States | 86.8 million | +8% |
| International Flights | 56.2 million | +2% |
| Average ticket price | $552 | -1% |
“Demand for travel remains strong for both domestic and international travel, with average ticket prices declining year-on-year during the first six months of the year.” Steve Solomon, Chief Commercial Officer of ARC, said:“Corporate and leisure travel spending is seeing similar growth rates, and airlines are looking to continue this momentum through the end of the summer and into the fall.”
In June 2024, total airline ticket sales by travel agencies amounted to $7.6 billion, down 6% compared to the previous year. However, there were notable increases in the number of domestic and international flights during the month. A 5% decrease in average ticket prices contributed to the overall decline in total sales figures compared to the previous year.
June 2024 data indicated:
| measurement | the total | month to month variance | Variation from year to year |
|---|---|---|---|
| Total sales | $7.6 billion | -16% | -6% |
| Total passenger trips | 22.7 million | -12% | +2% |
| Domestic flights in the United States | 14.2 million | -12% | +4% |
| International Flights | 8.5 million | -11% | -2% |
| Average ticket price | $526 | -3% | -5% |
June 2024 data revealed that New Distribution Capacity (NDC) transactions accounted for an increasing share of ARC’s monthly transaction volume, with NDC transactions accounting for 21.5% – an increase of 14.4% from the previous year. Additionally, more than 1,000 travel agencies processed NDC transactions during the period.
