American Express Travel Related Services Co. reported net income of $998 million in 1994, a 13% increase from 1993, and $237 million in the fourth quarter, up 14%.

Travel Related Services, which includes the company's card and travel agency businesses and accounts for more than 70% of consolidated revenues, also said cards in the United States increased in 1994 by less than one million, or 2.3%, to 25.3 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.