Corporate foreign exchange news

Published by Mark Smith-HalvorsenExtended travel promotions will help the airline industry boost traffic volumes be encouraging business travel, it has been claimed.Gill Upton, editor of Business Travel Magazine, explained that the airline industry suffered heavily in 2009 as passenger volumes plummeted, with many companies not seeing the year through as they failed to batten down the hatches.Looking ahead to 2010, she explained that while a recovery is on the horizon, airlines are taking very tentative steps towards it.She added that many are predicting further losses in the first half of the year and a slight uptick at the end of the year."This [prediction] is supported by hotels and airlines extending sales and promotional periods right now to get people back travelling," Ms Upton concluded.While cheaper airline deals may promote greater business travel volumes, forex risk management strategies may help companies to contain international payment costs more effectively.For more information on international payments, visit our Smart FX site