UATP says total charge volume up 23% in 2011

Payment network UATP has achieved record transactions for calendar year 2011 and recorded a 23% year-over-year increase in total charge volume. The company—which counts among its airline customers Air New Zealand, American Airlines, Austrian Airlines, China Eastern Airlines, Delta Air Lines, Japan Airlines, Qantas Airways, United Airlines and US Airways—said it processed approximately $13 billion in 2011. It signed new contract with five airlines: Aeromexico, Malaysia Airlines, Qatar Airways, Shandong Airlines and Turkish Airlines.