Amex Q2 results report surge in travel sales
July 27, 2010 |
Corporate travel sales outpaced the company's overall travel sales, which grew by a slightly more modest 25 percent during the second quarter, totaling $5.7 billion, from $4.5 billion in the second quarter of 2009.
American Express grew global corporate travel sales nearly 28 percent to $4.6 billion during the second quarter from the same period in 2009, representing growth in transactions and strengthening of airline pricing.
Corporate travel sales outpaced the company's overall travel sales, which grew by a slightly more modest 25 percent during the second quarter, totaling $5.7 billion, from $4.5 billion in the second quarter of 2009.
"Travel is benefiting from a growth in transactions as well as higher fares from airlines," said American Express executive vice president and CFO Dan Henry during an investor presentation on Thursday.
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