Foreign Exchange Fees in Focus in September’s The Wire…from AirPlus

AirPlus International, a global provider of corporate travel payment solutions, releases September’s The Wire…from AirPlus entitled: The Facts on Foreign Transaction Fees. Corporate Travel Buyers and Suppliers were surveyed on the topic and results show that over half (50.6%) do not currently budget for such fees and over 40% do not know what percent they are being charged for such transactions. For more details, including a complimentary PDF of the results, please visit the AirPlus Community.

“These days, airfare is often purchased across borders and in multiple currencies to maximize cost savings for a corporation. And thus, more and more airfare is being subject to foreign exchange charges of approximately 1.5% - 3%, depending on the form of payment. However, when purchasing this type of airfare with the AirPlus Company Account, a corporation is not charged a fee for these transactions. This is just one of the added values of our lodged card solution,” said Richard Crum, President and CEO of AirPlus International, Inc.

The Wire…from AirPlus is a monthly report on the pulse of the industry and its relevant topics. Results of this edition are based on a survey of 85 travel management professionals in North America and Europe from September 1 to September 16, 2010.

AirPlus International provides savings to over 33,000 customers worldwide through a suite of business travel payment solutions which include central bill accounts, corporate cards and online management tools. AirPlus is travel agency neutral, the leading issuer of UATP worldwide and the preferred partner of various airlines such as Air China, British Airways (NYSE:BAB), Continental Airlines (NYSE:CAL), Luxair, Lufthansa German Airlines, Austrian Airlines, Swiss International Air Lines, TAP Portugal and Singapore Airlines. For more information, please visit www.airplus.com, contribute to our community at www.airpluscommunity.com, follow us at www.twitter.com/AirPlus, and like us at www.facebook.com/airplusinternational.