Businesses are paying less for some international airline tickets than they have in years, according to corporate travel benchmarks. It's not because airlines have cut published pricing. Instead, they have kept selling more low-bucket inventory closer to departure. That brings down passenger yield, a proxy for fare paid. Some U.S. routes to London and China are showing sharply reduced average fares paid. While it's not the case everywhere, general trends point to more pricing softness in the coming months.

The strong U.S. dollar is applying downward pressure on long-haul fares to and from the . . .

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