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Business travel has been declining sharply in the current economic downturn, and those who are flying are doing it in premium economy class. In response to this, many airlines are announcing that they are cutting costs for business class seating. Some of the lower fares have been hugely reduced, including international flights.

Discounts on such a high scale for business class seating is unfamiliar and has started to cause some distortions. The premium-economy fare that is offered by some carriers are too much cheaper than purchasing business class fares, and there is a big difference between the two.

The fact of the matter is, many carriers are trying all that they can to get business travelers to continue flying, as well as to encourage leisure passengers whose budgets have been unaffected by the economic environment to upgrade. These offers are also very tempting to those travelers who will be flying during the winter.

Even though the fare between premium economy class and the cheapest economy fare can be twice as much, the cabin differences are subtle. There is better food, drink, entertainment options, and the cabin is less densely populated. However, the main difference that you will see from many airlines is that you receive more leg room.

Be careful when buying tickets though, because during this time when carriers are having a financial struggle, if you are paying a lot for airfare, it is worth it to purchase insurance in case of financial failure. You could also pay for the fare with your credit card, because this will protect your money as well.