2017 U.S.-Booked Air Volume: $175 million
Consolidated U.S. TMC: Amex GBT
Bank of America's spending on U.S.-booked air travel may
have increased by about 4 percent in 2017 according to a BTN estimate, but the
banking giant nevertheless has worked to tamp down travel expenses by
significantly increasing its use of remote conferencing. Company employees in
2017 conducted 434,700 videoconferencing calls, over 15 percent more than in
2016. Bank of America's greenhouse gas emissions related to air travel, hotel
stays and rental car use dropped by nearly 6 percent year over year to 154,500
metric tons of carbon dioxide equivalent. The bank in 2017 tallied about $87.4
billion in total revenue, a 4.4 percent increase from 2016. The company had
about 209,000 employees at the end of 2017, up about 1,000 from a year prior.