Protecting travel intermediaries from the impacts of airline failures

Airline failures have been part of the 110 year history of commercial passenger aviation.

A fundamental risk remains today: air travel’s prepaid nature creates supplier default exposure, and there are no industry-wide protections despite over 1,200 commercial passenger airline failures in the past 25 years.

The stakes are high for travel intermediaries their investors and directors, end travellers, and taxpayers. All of them can suffer significant financial impact and other losses when an airline ceases operations.

WEX virtual cards are a proven safeguard. Unlike bank transfers, which offer no recourse, WEX virtual cards enable fast, reliable chargeback protection, allowing intermediaries to recover funds quickly when an airline fails.

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Do you currently pay, or are you interested in paying, travel suppliers with virtual cards?
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Do you currently, or would you expect to, process an annual transaction volume of over $5 million dollars?
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