Posted October 26, 2004 - New York City

TECHNOLOGY: Worldspan, IBM Seek Next-Gen Core System

IBM earlier this month revealed multimillion-dollar enhancements to its mainframe technology that runs the global distribution systems and many airline systems, potentially lowering the costs of programming on it. Worldspan is a launch customer for what IBM is calling z/TPF, which it said would be fully in production by next September. Read More »
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Posted October 26, 2004 - New York City

Navigant Retooling To Better Compete

Navigant International is requiring from its regional divisions more realtime reporting of ongoing client negotiations and is exploring ways to keep better tabs on client shifts to online booking. The company is attempting to prevent such surprises as the negatively revised third-quarter earnings guidance issued October 15 that has since dropped shares nearly 30 percent. Read More »
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Posted October 25, 2004 - New York City

Amex Earns Q3 Record, Intensifies 'Reengineering'

Amex said Travel Related Services revenues rose 13 percent year-over-year and expenses climbed 12 percent, including a 15 percent increase in human resources costs “due to merit increases, greater management incentive and employee benefit costs and the Rosenbluth acquisition.” Read More »
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Posted October 22, 2004 - New York City

GDS Fee Dispute 'Not Over'

Northwest Airlines 'has flatly refused to agree that it will not resurrect' its controversial global distribution system fees, according to a court filing by Sabre Holdings. 'This dispute is not over,' wrote Sabre's attorneys as they continued to debate with Northwest's over jurisdiction in Minnesota and Northern Texas courts. Read More »
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Posted October 21, 2004 - New York City

Cendant Pans Aer Lingus, Reports Q3

Cendant's Travel Distribution Services division in the third quarter enjoyed 46 percent year-over-year growth in online transactions including a 39 percent boost in online gross bookings through the Galileo International global distribution system. A move by Aer Lingus to exit the GDSs in Ireland as well as labor troubles at Alitalia helped reduce overall Galileo transactions by 2.8 percent and international TDS transactions by 4.4 percent, but TDS transactions grew 0.6 percent in the United St Read More »
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Posted October 18, 2004 - New York City

Navigant Shows A Turning Point

The impact of online travel agencies in the corporate market is severe and traditional travel management companies that fail to reorient themselves will suffer, according to corporate-travel experts speaking today about a profit warning issued Thursday evening by Navigant International. Read More »
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Posted October 15, 2004 - Boston

Navigant Shares Hammered On Warnings

Shares in Navigant International fell more than 20 percent to $13.35 by midday after the company last evening issued downwardly revised earnings estimates for the third and fourth quarters. Read More »
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Posted October 14, 2004 - Boston

Amex To Combine Online, Offline In Global Restructuring

American Express Business Travel earlier this week revealed plans to combine its online and offline divisions as part of a global restructuring that involves undisclosed cost reductions. Read More »
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Posted October 13, 2004 - New York City

BTI Signals Single Ownership

The owners of Business Travel International on October 6 confirmed in a statement to corporate customers that 'joint discussions aimed at identifying opportunities to further consolidate their corporate travel interests are ongoing.' Cryptic as it was, the official statement was the strongest signal yet about plans to bring the worldwide organization under single ownership. Read More »
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Posted October 12, 2004 - New York City

Marriott Sees Higher Corp. Rates, Shifting Booking Patterns

Marriott International late last week said more than 85 percent of managed North American properties are quoting higher rates than last year, with more than 55 percent raising corporate rates by at least 10 percent. Among the 15 percent of properties that have failed to raise rates, most are in the South Central or Midwest regions, said executive vice president and CFO Arne Sorenson. Read More »
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