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. In 2015, ARC processed more than $88 billion worth of transactions for its customers.
Video Airlines Reporting Corporation
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 function 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.
Maps Airlines Reporting Corporation
Shareholders:
- Air Canada
- Alaska Airlines
- American Airlines
- Delta Air Lines
- Hawaiian Airlines
- JetBlue Airways
- Southwest Airlines
- United Airlines
Board Members:
- ARC - Bonnie Reitz
- ARC - Michael Premo
- Air Canada - Patrick Khoury
- Air France - Isabel Monteiro
- Alaska Airlines, Inc. - Kevin Thiel
- American Airlines - Michael R. Carreon
- Delta Air Lines - Derek Adair
- Hawaiian Airlines, Inc. - Philip Moore
- JetBlue Airways - Dave Clark
- Lufthansa Global Business Services - Michael Klein
- Southwest Airlines - Mark Erickson
- United Airlines - Amos Khim
- Chairman Emeritus - David Landuyt
- Chairman of Audit Committee - Robert Bagley (non-voting member)
References
External links
- Official Website
- Working with MIDT, ARC and BSP Data, by Eric Ford at Oliver Wyman, 2008
Source of the article : Wikipedia
0 Comments