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Monday, February 22, 2010


  Business travel Costs Mounting as Demand Regains

Business Travel costs are set to increase over the subsequent 12 months as demand for international travel rises and the worldwide economy recovers,industry veterans have warned. The remarks come as airline giant Qantas announced a 72% drop in first half net profit lately, along with strategies to scrap many of its first class seats on international flights.

Qantas Airways-Business Travel
Additionally Qantas announced air fares would rise over the next year, with demand anticipated to increase after a dreadful year, which witnessed the company lose 72% in net profit for the six months ending December 31.

Chief executive of Qantas Airways Alan Joyce conveyed to the Australian Financial Review prices would rise over the next year, as present levels cannot be sustained.He added that airfares and yields can be seen to ameliorate presently. They need to get better moving forward on international markets because most of the international industry, is losing money.Additionally,Qantas Airways is set to decrease the number of first-class seats on its long-haul fleet, to be replaced by a 27% increase in the figures of premium economy seats.

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