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Old 06-03-2002, 07:37 PM   #1
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Business Travelers: Some Cuts Permanent

Business Travelers: Some Cuts Permanent

NEW YORK (Reuters) - Steep continued cuts in corporate budgets mean the drop in business-related air travel will press on this year and nearly a quarter of those cuts could be permanent, according to a survey of business travelers expected to be released on Tuesday.
Four out of every five business travelers who participated in the Business Travel Coalition's 2002 U.S. Business Travel Survey expected to fly less this year.

The respondents expected their air travel to drop 10.6 percent on average, which means the level of corporate air travel at the end of the year could be 20 percent to 25 percent below its peak two years ago, the survey said.
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