Full access to Entrepreneur for $5

Good Ill Hunting

Getting the best deal from the ailing travel industry

This story appears in the January 2003 issue of Entrepreneur. Subscribe »

If you're a business traveler, 2002 was a year you'd probably rather forget-between bankruptcy filings by airlines and car rental companies, service cutbacks and security delays. Will this year be any better? Experts think it may be just as difficult. A recovery in corporate travel may not come for another 12 months.

Airlines: Low fares will vanish, as could some carriers. "As airlines cut schedules, there will be fewer low-cost tickets," predicts PA Consulting airline analyst Addison Schonland. He believes 2003 could be the year of the no-frills carrier. Just in time: Some bigger airlines may not survive.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!