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In face of rising airline charges, Travelers Advantage gives $50 rebate to club members
NORWALK, Conn., April 10, 2008 - As more airlines announce additional bag charges to offset near-record fuel prices, Travelers Advantage, a leading national travel company, has begun offering consumers relief at the airport.
Northwest Airlines recently joined United Airlines, Delta Airlines and US Airways in adding a $25 one-way luggage fee on second checked bags for coach-class passengers traveling within North America beginning May 5.
"The rising price of fuel is hitting us at the pump and in the airways, and we are hoping to stimulate travel while also keeping cash in our members' pocket," said Leslie Downey, director of communication for Travelers Advantage. "We aim to help travelers navigate more efficiently through a challenging economic landscape with an additional bag rebate."
As part of the rebate, active Travelers Advantage members can now receive a $50 rebate coupon - $25 reimbursement each way for additional bags - on airline trips booked worldwide through Travelers Advantage through the end of the year.
In recent months, airlines have added fees for more services following a 74 percent jump in jet fuel prices over the past year. Carriers are also seeking revenue from sources other than ticket sales as a slowing U.S. economy threatens travel demand. Other airline increases include fees for three or more checked bags, and hefty charges for bags weighing greater than 50 pounds.
Since 1985, Travelers Advantage has established itself on the leading edge of the leisure travel market in the United States, serving millions of members, and delivering millions in cash bonuses to travelers worldwide.
Travel and Tourism generates $1.3 trillion in economic activity in the U.S. every year, according to the Travel Industry Association of America. That equates to $3.4 billion a day, $148 million an hour, $2.4 million a minute and $40,000 a second. There were 1,992 million person trips (one person traveling 50 miles - one way or more away from home and/or overnight) in 2005, and a full 84 percent of those trips were for leisure travel. Top travel activities are shopping, attending social and/or family event and outdoor activities.
About Affinion Group
As a global leader with almost 40 years of experience, Affinion Group (www.affinion.com) enhances the value of its partners' customer relationships by developing and marketing loyalty solutions. Leveraging its expertise in customer engagement, product development and targeted marketing, Affinion provides programs in subscription-based lifestyle services, personal protection, insurance and other areas to help generate increased customer loyalty and significant incremental revenue for more than 5,550 marketing partners worldwide, including many of the largest and most respected companies in financial services, retail, travel, and Internet commerce. Based in Stamford, Conn., the company has approximately 4,250 employees and markets in 17 countries globally. Affinion holds the prestigious ISO 27001 certification for the highest information security practices, is PCI compliant and Cybertrust certified.Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, discussions regarding industry outlook, Affinion's expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2011, the consummation of the acquisition of Prospectiv and the impact to Affinion's business and the other non-historical statements in the discussion and analysis. These statements can be identified by the use of words such as "believes," "anticipates," "expects," "intends," "plans," "continues," "estimates," "predicts," "projects," "forecasts," and similar expressions. All forward-looking statements are based on management's current expectations and beliefs only as of the date of this press release and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks related to general economic and business conditions and international and geopolitical events, a downturn in the credit card industry or changes in the techniques of credit card issuers, industry trends, foreign currency exchange rates, the effects of a decline in travel on the Company's travel fulfillment business, termination or expiration of one or more agreements with its marketing partners or a reduction of the marketing of its services by one or more of its marketing partners, the Company's substantial leverage, restrictions contained in its debt agreements, its inability to compete effectively, and other risks identified and discussed from time to time in Affinion's reports filed with the SEC, including Affinion's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Readers are strongly encouraged to review carefully the full cautionary statements described in these reports. Except as required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events or circumstances.