World 'Opening Back Up’ From COVID Travel Lockdowns: Amex CEO
Q1 American Express travel bookings were up 37% from the 2019 quarter, including a 48% increase in the U.S., said CEO Steve Squeri on an earnings call Friday. Consumer travel is back, based on “tremendous pent-up demand,” but it's not…
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“all the way back,” he said. “As far as large corporations go, and we're seeing it in our own company, people are looking to get out and not only gather with their own colleagues, but they're also looking to get out and meet with customers. You're seeing conferences come back.” On COVID-19's long-term impact, “we'll wind up dealing with this as we deal with the flu,” said the CEO.