Risk Factors Flight Cancellations They’re not just a hassle for travelers; they cost companies real money. Flight cancellations are a risk no travel manager can control. But you can recoup the money from unused tickets to use elsewhere in your travel program. What kind of money are we talking about? The average value of an unused ticket is: $413 $1,384 for domestic flights for international flights In fact, airlines held $11.7 billion in credits at the end of 2020, and many companies have thousands of dollars in unused credits they could apply to bookings. Risk Mitigation Secret ● Automate your unused ticket management to capture otherwise wasted dollars. According to BTN, only 36% of travel managers automate this process.
11 Secrets for Managing the Risks of Business Travel Through 2022 Page 8 Page 10