The Airlines Reporting Corporation (ARC) is a company that 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 2019, ARC processed more than $97.4 billion
worth of transactions for its customers.
History
ARC was established on September 17, 1984, as a
privately held company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
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
Airlines for America (A4A), formerly known as Air Transport Association of America (ATA), is an American trade association and lobbying group based in Washington, D.C. that represents major North American airlines.
Profile
Mission
A4A ...
, 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.
Shareholders and Board Member Companies
Shareholders:
* Air Canada
* Alaska Airlines
* American Airlines
* Delta Air Lines
* Hawaiian Airlines
* JetBlue Airways
* Southwest Airlines
* United Airlines
Board Members:
* ARC – Bonnie Reitz (Chair)
* ARC – Lauri Reishus (President, CEO)
* Air Canada – Lisa Pierce
* Air France – Isabel Monteiro
* Alaska Airlines, Inc. – Kevin Thiel
* American Airlines – Angie Owens
* Delta Air Lines – Derek Adair
* Hawaiian Airlines, Inc. – Sayle Hirashima
* JetBlue Airways – Jonathan Weiner
* Lufthansa Global Business Services – Michael Klein
* Southwest Airlines – Mark Erickson
* United Airlines – Glenn Hollister
* Chair of Audit Committee – Angie Owens
References
External links
Official Website''Working with MIDT, ARC and BSP Data'', by Eric Ford at Oliver Wyman, 2008
{{Authority control
Airline tickets
Transport law