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American Express Global Business Travel, operated by Global Business Travel Group, Inc. (NYSE: GBTG), reported strong Q1 2024 financial results. Key highlights include 9% TTV growth, 6% revenue growth to $610 million, record Adjusted EBITDA of $123 million, and a 24% growth. The company reiterated full-year 2024 revenue and Adjusted EBITDA guidance ranges, showing positive cash flow and deleveraging. Amex GBT also announced the acquisition of CWT for $570M, expected to be break-even to earnings per share in the first year and accretive thereafter.
