5/1/2012

Despite the fragility of the economic recovery, strong demand from corporate business travelers has helped drive better-than-expected revenues for U.S. airlines battered by high fuel costs, notes the American Express global travel forecast for 2012. "One big source of demand for air travel is corporate America, which is sitting on a record cash pile of $1 trillion and is eager to stimulate new business," Justin Bachman writes. With demand comes higher airfares, this feature warns.

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