Fiscal Year 2016 U.S.-Booked Air Volume: $92 million
Consolidated U.S. TMC: Amex GBT
BTN estimates General Motors decreased its U.S.-booked air
volume 8.9 percent year over year in 2016. The company's net sales and revenue
increased 9.2 percent to $166.4 billion. GM is investing on the ride-sharing
side of the travel industry. It launched its own corporate car-sharing
platform, Maven, in which employees can access company-owned vehicles via an
app, and it piloted Maven at its facilities in the U.S., Brazil, China and
Australia last year. It also has launched programs to provide vehicles to Uber
and Lyft drivers who do not want to use their own personal vehicles.