Industry officials say business travel accounts for as much as two-thirds of airline revenues. Last month, Northwest Airlines Corp., American Airlines Inc. and Delta Air Lines cut prices on their first-class tickets by 50 percent to 60 percent. To take advantage of the reduced fares, companies must book the flight at least two weeks in advance. The price reduction is a departure from the expected rise in airline ticket prices. The National Business Travel Association estimated that airline travel costs would rise at least 5 percent this year.
Corporate travel is the backbone of their business.
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