Three-quarters of a huge industry is a huge industry. With messy year-over-omicron first-quarter comparisons behind it, corporate travel has settled in to its traditional single-digit percentage growth pattern and is now at about 75 percent of its pre-pandemic self. It’s been there for most of 2023.
American Express Global Business Travel on Tuesday said transactions in the quarter ending in March landed at 76 percent of their 2019 level, up from 72 percent in the fourth quarter. With plenty of debt and an expected net loss for this year, GBT . . .