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AMERICAN EXPRESS CREATES CUSTOM REPORTS TO HELP COMPANIES FILE AIRLINE ANTITRUST SETTLEMENT CLAIMS

 NEW YORK, April 26 /PRNewswire/ -- American Express Travel Management Services announced today the company has created customized Management Information Service (MIS) reports to speed clients refunds from the $408 million airline anti-trust settlement fund.
 The new streamlined MIS reports, offered exclusively to American Express corporate clients, meet the court approved requirements for "reasonable proof" of ticket purchases for air travel during the 4-1/2-year eligibility period. The reports are being offered free of charge to medium and large corporate card accounts, as well as business travel clients. American Express will begin distributing the airline reports to its clients within the next two weeks. The deadline for filing is June 1.
 In a settlement of a class action price-fixing suit brought against the major domestic carriers, the United States District Court in Atlanta directed the nation's leading airlines to fund a pool for refunds in the form of airfare coupons. Very little cash is available for refunds.
 The original settlement form was a complex document with numerous categories, provisions, qualifiers and restrictions requiring the presentation of vast amounts of ticket purchase documentation.
 American Express took the lead during settlement negotiations and proposed a simplified claims filing procedure based on statistical analysis. The curt has accepted the "extrapolated data" MIS report for filing claims. American Express has invested an estimated $400,000 in creating the reports.
 "Resolution of this sensitive issue, which has been a priority for us for nearly two years, comes as the result of lengthy and intense negotiations with the Settlement Committee appointed by the Court," said Robert Harrell, vice president-Airfare Management Unit American Express Travel Related Services, Company, Inc. "Simplifying the onerous, time consuming documentation process on behalf of our clients and the travel agency community, became an imperative for American Express."
 Harrell pointed out that American Express clients have spent over $30 billion in airfares during the 4-1/2 year eligibility period. "We feel the reports we provide will be a simple solution to the filing labrynth."
 While Harrell does not expect corporations to reap major financial rewards from the settlement claims, he said that "the time spent filing the new MIS reports would be well worth the effort, because American Express has made the whole process extremely simple."
 American Express says it will stand behind its reports in the event of a settlement committee audit and in such event provide all necessary descriptive billing data on all past client travel purchase supporting the MIS reports.
 American Express Travel Management Services assists companies in managing their travel and entertainment costs through the American Express Corporate Card and Business Travel Services. American Express Travel Related Services Company, Inc., a family of travel, financial and communications businesses and in turn, is a wholly owned subsidiary of the American Express Company (NYSE: AXP).
 -0- 4/26/93
 /CONTACT: Christine Levite of American Express 212-640-3382/
 (AXP)


CO: American Express Travel Management Services ST: New York IN: FIN SU: PDT

KD-TS -- NY110 -- 0916 04/26/93 16:10 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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