American Express global corporate travel sales in the December quarter slipped 1 percent to $4.6 billion. - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

January 18, 2013 - 10:55 AM ET

American Express global corporate travel sales in the December quarter slipped 1 percent to $4.6 billion. It was the fourth consecutive quarter of year-over-year declining volume. Full-year 2012 global corporate travel sales dropped 4 percent to $18.9 billion. Amex's Global Commercial Services unit, which includes corporate travel and commercial cards, reported a 64 percent drop in quarterly net income to $65 million, attributed to charges and expenses announced last week. Overall, American Express reported December-quarter net income of $637 million, 47 percent lower than a year earlier.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Carlson announced that Carlson Wagonlit Travel now is wholly owned,... read more »
STR projects U.S. hotel demand will be stronger than previously expected through 2015,... read more »
Carlson Wagonlit Travel's first-half 2014 North America sales volume and transactions increased 10 percent and 5 percent, respectively, versus the prior-year period,... read more »
The average daily rate at La Quinta Inns & Suites increased 5.1 percent year over year to $84.12 during the second quarter,... read more »
Virgin America on Tuesday reported a net income of $37 million for the second quarter,... read more »
The average daily rate at Choice Hotels International properties during the second quarter increased 2.9 percent year over year to $77.92,... read more »
Meetings technology firm Cvent on Thursday reported second-quarter revenue of $34.1 million, up about 27 percent from the year-earlier period.... read more »
Australia's Corporate Travel Management announced the purchase of Texas-based Avia International,... read more »
The average daily rate at InterContinental Hotels Group properties during the second quarter increased 2.6 percent year over year,... read more »
Travelport reported that total worldwide processed air segments increased marginally to 90 million during the second quarter.... read more »
Travelport acquired a 49 percent share in Australian travel tech firm Locomote and upped its ownership in eNett International.... read more »