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
SAP on Thursday completed its $8.3 billion acquisition of Concur,... read more »
October air transactions processed by mega travel agencies and settled through ARC rose 4 percent year over year,... read more »
Direct Travel acquired Peak Travel Group, a San Jose, Calif.-based travel management company with $185 million in annual sales volume.... read more »
Total revenue for Serko increased 50 percent year over year for the six months ending Sept. 30,... read more »
Concur stockholders representing nearly 99 percent of outstanding shares voted in favor of the company's proposed merger with SAP,... read more »
Direct Travel acquired Chicago-based Best Travel & Tours,... read more »
Privately held expense management provider Coupa claimed a 100 percent increase in third-quarter revenue, year over year.... read more »
The average daily rate at Extended Stay America during the third quarter increased 7.4 percent year over year to $60.14,... read more »
Business software company SAP's acquisition of Concur Technologies is expected to close Dec. 4, pending stockholder and regulatory approval,... read more »
Air Canada's net income in the third quarter of 2014 increased 8 percent year over year to C$323 million,... read more »
WestJet reported net earnings of C$52.2 million in the third quarter,... read more »