American Express CEO Stephen Squeri said he expects a "rush for people to travel, especially air travel" over the Jun-2021 through Sep-2021 northern summer travel season (Reuters, 21-Jan-2021). American Express projects that travel and expenditure (T&E) spending by consumers will recover to around 70% of 4Q2019 levels by 4Q2021. Corporate T&E spending is expected to take longer, particularly at large enterprises.
American Express CEO sees summer rush for air travel, slower business travel spending recovery
27 January, 2021