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Amex Reports Corporate Travel Sales Stabilizing After Deep 2009 Drop

01/28/2010| 9:31:12 AM| 中文

Reflecting the depths reached by the corporate travel industry in 2009, American Express' global corporate travel sales shrunk 30 percent year over year to $14.6 billion, the company announced late yesterday in its fourth-quarter earnings call.

Reflecting the depths reached by the corporate travel industry in 2009, American Express´ global corporate travel sales shrunk 30 percent year over year to $14.6 billion, the company announced late yesterday in its fourth-quarter earnings call. That slide, however, seems to have stabilized as its global corporate travel sales were $4.1 billion in the quarter, a more moderate 5 percent decrease compared with last year.

While its corporate travel segment awaits a return to growth, overall card member spending increases and positive credit and economic indicators spiked the company´s overall performance numbers.

Read the full story at:http://www.btnonline.com/businesstravelnews/headlines/article_display.jsp?vnu_content_id=1004061149

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