Amex Corp. Travel and Charge Spending Up, Income Down

Mary Ann McNultyApril Apr 25, 2008

American Express said global commercial travel sales rose 13 percent to $5.4 billion in the first quarter of 2008. Spending billed to global commercial cards increased 13 percent to $32.8 billion. That was on 3 percent or about 200,000 more cards in force--6.9 million--with a 10 percent boost to average basic cardmember spending of $4,770.

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