As part of its roadshow before going public, American Express Global Business Travel told potential investors that airfares it booked were 40 percent higher than those sold by other travel management companies. Amex GBT CEO Paul Abbott on Wednesday said air travel was more profitable than lodging. At a meeting hosted by Citi, Abbott said GBT benefited from inflation...

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.