16-Mar-2011 12:30 PM

North America business airfares close to highest levels since recession

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More