Business-class fares are falling
Business-class fliers will remain elusive this year. “Companies are
telling their employees all the way up to CEO level that they’ll have
to fly coach,” says Rick Seaney, CEO of farecompare.com.
The National Business Travel Association expects that most corporate
travel managers will continue to restrict their employees from booking
premium-class tickets throughout the coming year. That will leave
airlines scrambling to fill these seats. Already, business-class fares
to foreign cities, in particular, have been slashed by as much as 66
percent from a year ago and will likely reach new lows in 2010.
T+L Tip: There’s
never been a better time to pay to sit up front. Unless mitigated by a
sudden jump in the price of oil, fares for business-class seats will
remain at fire-sale prices.