The ongoing global economic downturn
has affected nearly all major industries but the effect has been
particularly devastating on the global airline industry which has been
grappling with various woes like rising fuel costs, falling revenues
and rapidly diminishing demand especially in the premium class of
travel. In a recent forecast, the International Air Transport
Association director general and CEO Giovanni Bisignani, estimated that
global airlines would face a 12 percent decline in revenues for 2009.
airline industry woes have affected all airlines and both the legacy
carriers as well as the low cost carriers have had to deal with this
changing global economic scenario. While several low cost carriers like
the all business class transatlantic services, EOS, Silverjet and
Maxjet have simply shut shop and disappeared into oblivion whereas many
airlines have even dropped certain routes or reduced the frequency of
service to certain destinations in order to combat revenue losses.
which is usually associated with the premium cabins of airlines has
been especially badly affected by the recession as companies all over
the world have gone into cost cutting mode and have eliminated or
altered their business travel programs in keeping with their new
conservation mantra. A recent survey by the Association of Corporate
Travel Executives found that more than 70% of corporations were in the
process of cutting down on travel budgets by 10% to 20% this year.
Additionally, companies such as AT&T have reportedly reduced
business travel by 15% through the use of video conferences and web
meetings while consulting giant, Accenture has begun the process of
setting a network of video conferencing rooms at its various locations
worldwide in an effort to limit business travel.
in spite of all this, the general consensus seems to be that business
travel is extremely essential to the conduct of regular business and
cannot be done away entirely with especially in situations that demand
interpersonal interaction across international borders or require
specialized training which needs to be imparted. Some companies do in
fact realize this and are currently leaning on their travel departments
to control costs by procuring the best airline and hotel deals for
their executives who need to make these essential business trips.
Airlines also realize that these business class travelers
are their primary source of revenue and profit and need to be retained
at any cost. In order to fill their planes and retain custom they have
resorted to offering fantastic discounts on tickets for their cabins
located in the front of the aircraft. Recently British Airways had a
2-for-1 sale on business-class seats from the United States to London
for travel between June 1st and October 31st 2009. This offer was soon
followed by similar sales from airlines such as Virgin Atlantic,
American Airlines and Continental.
and International air fares seem to change often and quite rapidly and
even though currently corporate travel departments are being asked
aggressively look for the best airline deals for their business
travelers it is almost impossible for these personnel to be on top of
all these fares changes all the time. This is where a partnership with
a company like Fare Buzz which is a leading supplier of cheap business class fares would help immensely.
Buzz has contracts with more than sixty domestic and international
airlines and through these exclusive contracts it can procure the
‘best’ business class airfares
to almost any destination in the world. Moreover unlike other ordinary
online discounters, the customer service desks at Fare Buzz are manned
by experienced ‘live’ travel consultants who are on hand seven days a
week to help you find the best airline and hotel deals. Moreover you
don’t even have to pay anything ‘extra’ to speak to a travel consultant
at Fare Buzz who can even hold a ‘special’ fare for you for a period of
24 hours. So next time when the need to travel arises don’t
procrastinate but pick up the phone and call Fare Buzz at
1-888-808-4123 for the best travel deals in the business.