Posted October 28, 2004 - New York City

Aetna Picks TBiz; Sabre Earnings Rise

With 2003 revenues of $16 billion and a travel budget that sources estimated at $40 million, Aetna is now one of the largest corporations ever to select an online agency to handle travel. TBiz signed the far bigger Citigroup earlier this year, but only for a portion of its business. Read More »
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Posted October 28, 2004 - New York City

Sabre Explores Menu Pricing

Sabre Travel Network is in discussions with 'a number' airlines on a new pricing menu that seeks to recognize the value of services Sabre provides the carriers. Different charges could be levied based on whether the booking is for a long- versus a short-haul flight, or possibly depending on the extent to which an airline works with Sabre's other business units, such as Airline Solutions. Read More »
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Posted October 27, 2004 - New York City

Amex's Arway Takes On Australia

American Express Business Travel general manager and executive vice president for North America Pamela Arway in January will move to Sydney from New York to become the company's country manager in Australia. As CEO of the market, Arway will run Amex's consumer card business. Read More »
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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 »
Posted by: Jay Campbell | More by Jay Campbell
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