Airfares higher despite economic crisis

By David Olsen · 4 March 2010 · Locked

Airfares Defy Economic Downturn

The global financial crisis was expected to bring travel savings, but a surprising trend has emerged. Find out why airfares are rising despite the economic crisis.

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Summary

Despite expectations that the Global Financial Crisis would produce significant savings for travellers, results from the fourth quarter 2009 American Express Business Travel Monitor indicate a mixed picture. The results reveal that year-on-year, published airfares increased one per cent overall in the Asia Pacific; and comparing the third to the fourth quarter of 2009, there […]

Tags: Airfares, Australia, Business Travel