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Beginning of the End for Generous Hotel Rewards?
While travel overall is rebounding nicely from the recession-dampened demand of the past three years, it isn't doing so uniformly.
The airlines, for example, are now routinely filling their planes to 80 percent capacity, even during off-peak periods.
More importantly, they're flying profitably. The largest U.S. airlines posted combined profits of $2.3 billion for 2010, and $4 billion when one-time costs associated with mergers and the like aren't counted, according to the Air Transport Association, an airline trade group. That compares to a loss of $26 billion in 2008 and 2009.
Hotel Rewards: Generous Bonuses May Be Ending - ABC News
While travel overall is rebounding nicely from the recession-dampened demand of the past three years, it isn't doing so uniformly.
The airlines, for example, are now routinely filling their planes to 80 percent capacity, even during off-peak periods.
More importantly, they're flying profitably. The largest U.S. airlines posted combined profits of $2.3 billion for 2010, and $4 billion when one-time costs associated with mergers and the like aren't counted, according to the Air Transport Association, an airline trade group. That compares to a loss of $26 billion in 2008 and 2009.
Hotel Rewards: Generous Bonuses May Be Ending - ABC News
