Setting the stage for business travel in 2003 is a complicated matter. The industry is getting buffeted by so many factors, even major announcements seem like run-of-the-mill occurrences.
Coming off a desperate year for business travel in struggling economy, the build up of military action in the Middle East that culminated in the U.S. entry into the Iraq War on March 19 pushed the industry into the direst of straits. Corporates, already in a minimalist mood regarding travel, held back even more, citing traveler safety and security concerns. Airline finances were reeling.
A U.S. Department of Transportation report showed Q1 operating losses for the major U.S….