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
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 »
The Lufthansa Group reported a net profit of €529 million for the second quarter,... read more »
Occupancy and average daily rate increased year over year for Choice Hotels International during the second quarter of 2015,... read more »
The average daily rate at Wyndham Hotels and Resorts remained fairly flat year over year during the second quarter,... read more »
WestJet’s second-quarter net income increased 18.9 percent year over year to C$61.6 million,... read more »
JetBlue Airways reported second-quarter net income of $152 million.... read more »
Polish carrier Lot plans to nearly double its fleet over the next five years... read more »