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Business airfares soaring
Thursday, 26 Sep, 2006
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Business air fares are soaring faster than any time since 2001, reports a study by American Express Business Travel.
Business travelers paid more for flights during the second quarter of 2006 than anytime since 2001.
The average airfare paid by business travelers jumped 13% to $247 one way from $218 in the same period of last year.
Said Frank Schnur, vice president of consulting for American Express Business Travel:
“More travelers in the air, combined with higher fuel prices and fewer available seats and hotel rooms, have led to considerable price increases — a trend we expect to continue.”
Report by David Wilkening
David
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