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American Express Global Business Travel Nears $5.3 Billion Spac Deal

December 3, 2021

The Street

That may be an optimistic view as a recent analysis of data from business leaders done by the Wall Street Journal suggests that business travel may drop 19% to 36% permanently.  “Brick-and-mortar retail has been devastated by ecommerce and I think this is a parallel story,’’ Jay Sorensen, president of IdeaWorks, an airline-industry consulting firm, told the paper.  Sorensen was a member of the panel consulted by The Journal along with former Spirit Airlines Chief Executive Ben Baldanza, an unidentified current Jetblue (JBLU) – Get JetBlue Airways Corporation Report board member, and the consumer advocate Charlie Leocha, president of passenger-advocacy organization Travelers United.

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