Aviation consultancy Ascend’s 2012 survey suggests companies expect an average 1.5 percent increase in flights against an estimated 1 percent travel budget increase.

The survey’s 2013 forecasts show that fares are expected to rise globally throughout the rest of 2012 and into 2013, with travel budgets continue to be squeezed.

Nigel Turner, a Carlson Wagonlit Travel director, says that though many companies use low-cost carriers, they are not seeing a major shift to these airlines, “as schedule, airport location and total trip cost including all fees are key to any business travel decision making process.”

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Tags: airfares