2021 U.S.-Booked Air Volume: $10.4 million
Consolidated U.S. TMC: Amex GBT
BTN estimates 2021 U.S.-booked air volume was $10.4 million for General Motors, down from $14.5 million in 2020. Despite global travel restrictions and supply chain issues plaguing the company, the automaker’s 2021 revenue rose 3.7 percent year over year to $127 billion in 2021. Net income jumped 56 percent to $10 billion from $6.4 billion.
In March 2022, GM acquired from SoftBank Vision Fund 1 additional shares in self-driving car company Cruise. GM first acquired majority ownership in the autonomous ridesharing and delivery company in 2016, and now owns an 80 percent stake. In November 2021, GM also acquired a 25 percent stake in Pure Watercraft and as of January 2022 owns shares in Stellantis.
GM has roughly 157,000 employees, of which 53 percent are hourly. GM recently instituted a policy in which employees have the flexibility to work remotely where appropriate.
The company has a goal of carbon neutrality by 2040 and Science Based Target initiative approved targets for operations and products.