Global Business Travel Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 08:02 am EDT
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Global Business Travel Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 592 million compared to USD 486 million a year ago. Net loss was USD 14 million compared to net income of USD 21 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.23.
For the six months, sales was USD 1,170 million compared to USD 836 million a year ago. Net loss was USD 16 million compared to net income of USD 21 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to USD 0.21 a year ago.
Global Business Travel Group, Inc. is a platform serving travel primarily for business purposes. The Company operates American Express Global Business Travel, a business-to-business (B2B) travel platform. It provides a suite of differentiated, technology-enabled solutions to business travelers and clients, suppliers of travel content (such as airlines, hotels, ground transportation and aggregators) and third-party travel agencies. It manages end-to-end logistics of business travel and provides a link between businesses and their employees, travel suppliers, and other industry participants. Its portfolio of travel management solutions, built around and targeting the needs of key client segments it serves, provide access to flights, hotel rooms, car rentals and other travel services, as well as meeting and event solutions, including negotiated content, supported by a suite of services that allow its clients to design and operate a travel program and solve complex travel requirements.
GLOBAL BUSINESS TRAVEL GROUP, INC. 
