Airlines Companies Expect Recovery Airfare For Business-Class Flight Service
October 6, 2009 | Airline Flight, Airline Service, Airlines Companies, Aviation
Airlines can expect a modest recovery in premium airfares in 2010 as business travelers begin returning to the skies, American Express Co.’s business-travel unit said Wednesday. Globally, domestic business-class airfares will be flat to up 5%, while long-haul and international flights could see ticket prices rise by 1% to 6%, the group said. Projected growth in GDP next year will be the primary driver for business travel, as well as pent-up demand among businesses that slashed travel budgets this year and put off customer meetings. For North America, which accounts for nearly a quarter of all global traffic, domestic business-class airfares are likely to climb 2% to 7% next year, and 1% to 6% or long-haul and international flights, American Express said.
