2022 U.S.-Booked Air Volume: $20M
Primary Global Expense Management Supplier: Concur
Primary Global Travel Risk Mgmt. Supplier: ISOS
Consolidated Global TMC: Amex GBT

Chipmaker Intel's 2022 U.S.-booked air volume spend increased nearly four-fold from last year's $4.5 million, according to BTN estimates, despite the company reporting a 20 percent year-over-year decline in revenue to $63.1 billion. The lower operating results were due to an uncertain macroeconomic environment arising from inflation, the war in Ukraine and Covid-19 shutdowns in the company's supply chain in China, according to Intel's latest annual report. In addition, the company operating expenses increased 13 percent to $24.5 million.

The company's restructuring program was approved in the third quarter of 2022 and was expected to be completed by the end of 2023. It included staff reductions, reorganized business units and additional cost-cutting measures. Intel in May 2023 also grounded its employee air shuttle program between campuses in Oregon, California and Arizona, according to a report by The Oregonian.

Intel has had a "hybrid-first" work policy since 2021, but in May 2023, told employees it wanted more of a balance between remote and in-office work, without changing its policy. In 2022 the company announced its commitment to achieve net-zero greenhouse gas emissions across its global operations (Scope 1 and 2) by 2040, and to increase its energy efficiency and lower the carbon footprint of its products and platforms.