2022 U.S.-Booked Air Volume: $44 million
Consolidated Global TMC: Amex GBT

BTN estimates that Morgan Stanley spent $44 million on U.S. point-of-sale air volume in 2022, up from $9 million in 2021.

Morgan Stanley has achieved its goal of carbon neutrality and use of 100 percent renewable electricity. Business travel represents 46 percent of Morgan Stanley’s total market-based emissions. With employees back to the office and on the road, emissions from business travel continue to rise, but not near to 2019 levels. In 2022 the company reduced Scope 3 emissions, which include those generated by business travel, by 46 percent from 2019 levels.

The company's 2022 revenue fell 10 percent year over year to $53.7 billion.