JULY OPERATING RESULTS REVEAL LEAP IN TRAVEL AGENT E-TICKETING

Arlington, VA, August 12, 2004 - The average weekly e-ticketing by ARC accredited travel agencies and corporate travel departments took a big jump in July.  Average e-ticketing as a percentage of total ticketing reached 86.87% in July compared to 84.94% the month before and 83.26% a year ago.   The month of July ended with e-ticketing peaking at 87.43%, establishing a new record level of e-ticketing for the travel agency industry as served by ARC.

Total sales and international fares both compare favorably to the year before in ARC's monthly operational statistics for July 2004 although less so than in recent months of relatively stronger growth.   Domestic fares meanwhile ended the month at five percent below July of 2003.

Average weekly sales per agency location continue well above 2003 levels, exceeding average weekly sales a year ago by thirteen percent.

Note: ARC's current and archived monthly statistics are available at no charge on ARC's Web site.  Visit http://www.arccorp.com/regist/index.jsp to register for access and email updates.

About ARC
ARC is the premier provider of financial settlement solutions and data and analytical services for the travel industry. Airlines, travel agencies, corporate travel departments, railroads, and other travel suppliers process more than $60 billion annually through ARC's world-class settlement system, making it the financial backbone of travel distribution.  ARC COMPASS®, the leading, trusted source for travel transaction information, powers data and analytical tools that help ARC customers make confident business decisions.   ARC is an airline-owned company that builds on values of integrity, teamwork, innovation, cost-effectiveness, and excellence.   For more information, please visit http://www.arccorp.com.