Despite rising travel costs, employees still flying high

Article Abstract:

Airlines have raised business fares five times in 2000 but many employees are still upgrading to business class. A survey of corporate travel managers reveal that employees stay at more expensive hotels than necessary or try to fly their favorite airline instead of the one that offers discounts. More companies are also allowing travelers to pay more for airfares to give them more convenience. A survey conducted by Runzheimer International also revealed that companies are loosening their travel policies which is hailed by travelers.

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Airlines rein in passenger frills to cut costs

Article Abstract:

Airlines are finding little ways to increase fees, such as charging for paper tickets to taking away stemware, or cut costs to deal with a weaker economy. Eliminating small costs can add up to big savings for airlines, some of which might announce losses for 1st qtr 2001 when reports start rolling out in Apr 2001. Airlines attribute the losses to rising costs and weaker business travel. To cope, Northwest and United are each trying to save $200 million in 2001. Other carriers are still trying to study ways to cut costs.

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Travel likely to become more pricey

Article Abstract:

Business airfares are expected to increase by 8% in 2001. A national survey conducted by the National Business Travel Assn comes in the wake of two widely watched reports that also expect another year of large airfare increases. Airfares are expected to increase due to rising fuel and labor costs. The Air Transport Assn predicts both leisure and business airfares to rise by 3% in 2001 which is a little lower than the 3.5% rate for 2000.

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