Air Ticket Refunds Show Slight Increase Since Bin Laden Death

May 5, 2011 jetguy Airline Tickets, Bin Laden, Death, Refunds

ARC announced today that refunds for airline tickets sold by U.S. travel agents, including online travel websites, have increased in the days since Osama Bin Laden’s death. Initial data revealed ticket refunds increased to 33,518 on Monday, May 2 and Tuesday, May 3 compared to 24,146 on Monday, April 25 and Tuesday, April 26 the week before. Refunds processed on May 2 and 3 represent 2.6 percent of the 1.3 million outstanding air tickets during this period, versus 1.9 percent of the 1.2 million outstanding tickets during April 25 and 26.