![]() Specifically, we delivered strong SME growth, including yet more traction in the unmanaged segment, and record SME new wins. Paul Abbott, Amex GBT’s Chief Executive Officer, stated: “We reported strong second quarter 2023 results, including the highest quarterly revenue in our company’s history and strong Adjusted EBITDA growth, and reached a huge milestone returning to positive Free Cash Flow ahead of projections. Raised Adjusted EBITDA1 guidance to a range of $365 million – $385 million. Approximately 30% of LTM SME New Wins Value came from the unmanaged category. LTM SME New Wins Value4 totaled $2.3 billion per annum, a record for the Company. LTM Total New Wins Value4 totaled $3.4 billion per annum. Total transactions grew 12% versus Q2 2022. Significant New Wins and Continued Share Gains Net cash provided by operating activities totaled $46 million. Net loss totaled $(55) million, with a net loss margin of (9)%. Adjusted EBITDA1 totaled $106 million, an increase of 126% versus Q2 2022, with an Adjusted EBITDA Margin2 of 18%. Revenue totaled $592 million, an increase of 22% versus Q2 2022. (NYSE: GBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the second quarter ended June 30, 2023. United is already the sole tenant of Newark's Terminal C, so adding more gates in the new terminal should help the airline when alleyways and ramps get congested in its main Newark terminal.American Express Global Business Travel Reports Record Revenue in Q2 2023 and Raises GuidanceĪmerican Express Global Business Travel, which is operated by Global Business Travel Group, Inc. ![]() Hopefully, the additional real estate will help United further stabilize its Newark operation, which has seen a flurry of lengthy delays and cancellations due to summer thunderstorms and Federal Aviation Administration staffing shortages. JetBlue and United Airlines will operate flights from these seven new gates. Specifically, the agency opened seven additional gates in the new Terminal A on Tuesday, providing airlines more room to spread out their operations and giving travelers some additional amenities to make the journey more pleasant. The first milestone of this redevelopment saw the much-anticipated opening of the new Terminal A facility earlier this year, and now the Port Authority of New York and New Jersey, which manages and oversees the airport, is back with some more good news for flyers. ![]()
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