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2006/05/22AirPlus Achieves Record 2005 Results
International provider of business travel management solutions shows positive financial development.
AirPlus International, a leading provider of business travel payment solutions announced a 14 percent increase in transaction volume for 2005 to nearly USD 15.5 billion. The main drivers of growth were international markets, where volume rose by 37 percent. AirPlus served over 30,000 corporate customers in 2005. Profit before taxes was USD 14 million.
“We are very pleased with the 2005 financial results,” explained Richard Crum, President and CEO, AirPlus International, Inc. “Our sustained international growth reflects the rising demand for customized global solutions in business travel management. We expect to continue to develop new customer relationships and build our global presence in 2006.”
AirPlus International offers customized travel payment solutions, including central bill accounts, corporate cards and management information tools. AirPlus customers have a maximum degree of expense transparency as well as cost management accuracy, saving them time and money. In an AirPlus sponsored white paper, “Using Central Billing Systems to Successfully Manage Travel” that was developed and written by Partnership Travel Marketing (PTM) and Edgar, Dunn & Company (EDC), there is overwhelming evidence that central billing systems drive traveler policy compliance, provide the most comprehensive data and improve reconciliation processes, saving corporations time and money.
AirPlus International is a global leader in business travel payment solutions, offering central payment accounts, corporate cards and online management information tools. AirPlus is the preferred payment partner of airlines around the world, including Continental Airlines (NYSE:CAL), British Airways (NYSE:BAB), Lufthansa German Airlines, Austrian Airlines, Swiss International Air Lines and TAP Portugal. AirPlus is the world’s largest issuer of UATP. Visit www.airplus.com for more information.
For more information, or for a copy of the white paper, “Using Central Billing Systems to Successfully Manage Travel,” contact: Amy Padgett at (703) 373-0947 or email apadgett@airplus.com.
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