A replay of the webcast will be available on the website for at least 90 days following the event.Ībout American Express Global Business TravelĪmerican Express Global Business Travel is the world’s leading B2B travel platform, providing software and services to manage travel, expenses, and meetings & events for companies of all sizes. Write to Will Feuer at Dow Jones NewswiresĬopyright (c) 2023 Dow Jones & Company, Inc.American Express Global Business Travel (“Amex GBT”) (NYSE: GBTG), the world’s leading B2B travel platform, today announced that it will present at Citi’s 2022 Global Technology Conference on Septembeginning at 4:45PM ET in New York City.Ī live webcast of the event will be made available on the Amex GBT investor relations website at. Shares fell 3.3% to $171.36 in premarket trading. The company provisioned $1.20 billion for credit losses in the quarter, compared with $410 million in the year-ago period. He said reservations on the Resy restaurant-booking platform reached a quarterly high, and bookings through the company's consumer-travel business hit their highest level since before the pandemic. Analysts surveyed by FactSet were expecting revenue of $15.41 billion.Ĭhief Executive Stephen Squeri said travel and entertainment spending rose 14%, adjusted for foreign exchange. ![]() ![]() Analysts surveyed by FactSet were expecting earnings of $2.81 a share. The New York City-based credit-card company logged net income of $2.17 billion, or $2.89 a share, up from $1.96 billion, or $2.57 a share, a year earlier. American Express posted higher revenue in the second quarter as consumers continued to spend on travel, entertainment and restaurants.
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