Business Is In A Flying Rage

Companies are banding together to drive down airfares

On its face, it looked like another sign of a brisk business climate. Chrysler Corp.'s travel budget was heading toward $50 million for the year, up 25% from just two years ago. Globetrotting managers nailing down deals? Not quite. The culprit was, alarmingly, the skyrocketing cost of air travel.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.