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
Occupancy at U.S. hotels will reach 65.6 percent and average daily rate will hit $120.79, a 5 percent year-over-year increase,... read more »
Third-quarter reserved occupancy in both the group and business transient segments is down from the same period last year,... read more »
Air Canada reported a second-quarter net income of C$296 million,... read more »
The U.S. hotel industry will continue to experience year-over-year performance increases,... read more »
Alaska Airlines’ 85.1 percent on-time arrival rate ranked it as July’s most punctual major North American airline,... read more »
Visa and MasterCard’s combined 2014 U.S. corporate travel and entertainment purchase volume rose 8.5 percent year over year,... read more »
AccorHotels reported year-over-year increases in both average daily rate and occupancy during the second quarter.... read more »
The average daily rate at Extended Stay America properties increased 8.5 percent year over year to $62.90 during the second quarter.... read more »
InterContinental Hotels Group experienced growth in both occupancy and average daily rate during the second quarter of 2015.... read more »
AirPlus International customers in the first half of 2015 spent 9.6 percent more on international business travel... read more »
Virgin America’s second-quarter net income increased more than 75 percent year over year to $65 million,... read more »