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American Express Clients to Pay More

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Bloomberg News

American Express Co. business travel customers will pay 3% to 5% more for an average airline ticket after U.S. carriers last week scrapped most travel agent commissions.

Small-business clients will see the largest increase as the biggest U.S. travel agency passes on its extra costs, a spokeswoman said. Companies that collect the commissions themselves through an agreement with American Express no longer will get those rebates.

American Express shares closed up 59 cents to $41.19 in NYSE trading.

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