Payment & Expense
Corporate travel sales at American Express rose 4 percent in the first quarter to $4.8 billion
, while travel commissions and fees fell 1 percent due in part to the lower average transaction fees charged for the growing share of online bookings. U.S. travel and entertainment card spending volume grew 14 percent, including 17 percent growth in airline spending driven by 6 percent more transactions and an 11 percent higher average airline charge.