PracticeConsultingBusiness execs choose to fly cheaply

Business execs choose to fly cheaply

More and more company executives are choosing to fly economy class or use budget airlines, cutting £1.1bn from corporate travel costs.

Link: CEOs choose budget travel option

One in five executives are now choosing to fly economy class on long haul journeys, while one in six have switched to low-cost airlines for short haul flights, according to research by marketing research group Saville Rossiter-Base.

In addition, 25% of corporate executives are thinking of switching to using budget carriers.

Kay Rossiter-Base of Saville Rossiter-Base said: ‘Many of the most frequent business travellers have switched from premium travel to economy class or to low-cost airlines as a result of budget cuts and changes in corporate policies.’

The move to cheaper airfares appears to be just one of a number of cost cutting measures designed to reduce business travel expenses. In April, a survey by Barclays found that over half of business leaders were choosing to stay in budget hotels.

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