Airfare is up 15%, gas is past $4, and SAP Concur data shows business travel is quietly breaking

12 hours ago 1

Here’s the thing about the gas crisis nobody is talking about: it’s not making companies travel less, it’s making them pay more to do less.

According to Q1 2026 numbers from SAP Concur, the platform that processes travel and expense data for millions of business travelers worldwide, fuel transaction costs jumped 14% in a single month, from $50 in February to $57 in March. Airfare was up 4%, hotels up 5%, and car rentals up 3%. Everything else was creeping higher, too.

But by April, with the Strait of Hormuz choked and gas racing past $4 a gallon, the real squeeze kicked in, and companies were now looking to offset those increased costs. “If airfare goes up by 15 or 20%, that automatically means that to stay within budget, I have to cut my trips by 15 or 20%,” Charlie Sultan, president of SAP Concur Travel, told Fortune.

Average domestic ticket prices climbed roughly 15% in April, while U.K. fares jumped 17–18%, just as travel to and from the Middle East cratered 30–40%.

“It’s not that people are spending less on travel,” Sultan said. “It’s that they’re spending about the same amount. They’re just not able to get as many trips as they were historically.”