Global Business Travel Group (Amex GBT) reported that its revenue increased 217% to USD 486 million and net loss totaled USD 2 million for the second quarter this year.
Transaction recovery versus pro forma 2019 was 69% and revenue recovery versus pro forma 2019 was 64%.
Paul Abbott, Amex GBT Chief Executive Officer, stated: “Listing as a public company in the second quarter was a significant milestone and marked the beginning of the next phase of growth for Amex GBT. Business travel transactions continued to recover in the quarter, reaching 76% of 2019 pro forma levels in June, and we reported positive Adjusted EBITDA. Over the past twelve months, we’ve signed $4.2 billion of new wins value and maintained very high customer retention. Our strong first half of 2022 and continued share gains give us the confidence to raise our full-year 2022 guidance once again.”
The Chinese international travel market, according to Abbott, is also key to the company's performance, accounting for 5% of GBT's total sales in 2019.
