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North America business airfares close to highest levels since recession

16-Mar-2011 12:30 PM

American Express Global Business Travel reported (15-Mar-2011) business travel airfares continued to rise throughout 2010, coming closer to the highest levels since the recession with domestic and international airfares increasing 7% year-on-year, respectively, in 2010. [more]

American Express Business Travel: "With oil prices rising, airlines are looking to cut their capacity growth plans to combat higher fuel costs. As a result increases in airfares are likely to remain on an upward trend in 2011. So far this year, we are seeing this trend hold true with domestic airfare rates in January 2011 up 8% compared to January 2010,” Christa Degnan Manning, Director. Source: American Express Global Business Travel, 15-Mar-2011.