Business Travel Airfares to Remain Flat in 2020: Amex GBT Report
Photo Credit: The Air Monitor 2020 report from American Express Global Business Travel found that global aviation will only be able to raise business class fares on a limited number of routes. Adobe / Autthaseth
Skift Take
The good news is that airfares aren't set for a major increase in 2020. The bad news is that a softening in the financial outlook for global businesses is the likely cause.
It's a new year, and rising air costs will likely remain flat as the outlook for business travel is somewhat tempered worldwide.
The Air Monitor 2020 report from American Express Global Business Travel crunched the numbers on air demand and economic forecasting and found that global aviation will only be able to raise business class fares on a limited number of routes. The forecasts are all measured in local currency at the fares' point-of-sale.
“While uncertainty looks to be a key theme in the coming year, in this report we see several factors likely to affect buyers of business air travel in 2020, such as airline retailing strategies, growing fare segmentation, and increased focus on sustainability," said Joakim Johansson, vice president of global business c
