Airlines last week globally cut 21 million seats, or 23 percent of capacity, even before the steep reductions planned by large U.S. carriers begin this week, according to OAG analysis.  

After reviewing a revised proposal from JetBlue Airways that offered a $200 million reverse break-up fee should the transaction not close due to antitrust reasons, Spirit Airlines' board of directors...

Carlson Wagonlit Travel has entered into negotiations with its bank lenders to alter the covenants related to its debt. Meanwhile, ratings agency Standard & Poor's on Tuesday lowered the global travel...

Professional services firm MMC in Feb. 2006 began deploying a self-booking system for its travelers in the United Kingdom. The company used mandates and face-to-face traveler training for rapid...

The General Services Administration this month increased to $99 from $91 the standard daily allowance for lodging, meals and incidental expenses for government travel. The 2006 rates are effective for...

Travelport expects growth in "financial assistance" in the form of agency incentives to moderate and even flatten in the "medium term" as the firm explores new economic relationships with travel...

Chauffeured transportation companies are noting sizeable increases in the number of requests for proposals they receive from corporate travel buyers as more businesses move the service usually a small...

Increasing hotel room rates and the specter of dynamic pricing will force corporate travel managers to yet again up their hotel budgets for 2007. For some companies, hotel spend has begun to challenge...

Charles Petruccelli, president of American Express Business Travel, last week spoke with BTN editor-in-chief David Meyer about how Amex's TravelBahn platform is keeping its users shielded from paying...

American Express Business Travel identified Latin America and the Caribbean as one of its fastest-growing regions with total sales growth of 20 percent in 2006. The company appointed Juan de Lapuerta to...