American Express Global Business Travel raised expectations for full-year 2022 revenue thanks to strong business travel recovery during the quarter ending in June. For the balance of the year, though, the company anticipates "steady but modest" recovery due to potential economic headwinds and ongoing travel supply and servicing constraints. Reporting second-quarter earnings performance Thursday morning, Amex GBT CEO Paul Abbott identified JPMorgan Chase as a new client.
GBT now expects to haul in between $1.8 billion and $1.85 billion in revenue this year thanks in large part to a recovery that pushed overall . . .