Airline Financials Squeezed By Business Travel

Posted on October 16, 2008 by LCT Magazine

With American, Continental, and Delta reporting Q3 losses, airlines are analyzing corporate markets to see which way the wind may blow in the next quarter. For Continental, energy companies are continuing to travel, the auto industry has plunged downwards, and pharmaceuticals are expected to reduce slightly next year. American Airlines says that New York, the epicenter of financial markets, has been the hardest hit region. This is yet another development that points the way toward chauffeured transportation companies convincing corporate clients and prospects that ground transportation offers them advantages over air travel. They still need to take business trips, and if they're thinking about traveling 100 to 250 miles from their offices, ground transportation is the way to go, especially for group trips.

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