2019 U.S.-Booked Air Volume: $67 million
BTN Estimates that PepsiCo increased its U.S.-booked air volume by $2 million to $67 million in 2019. Net revenue at the beverage and snack food conglomerate rose 2 percent, according to the company's annual report. PepsiCo has made strategic investments to grow its portfolio in global markets like Africa and China, which could increase business travel costs. At the same time, however, the company has instituted an employee accountability program called “The PepsiCo Way” that applies to all 267,000 employees and has taken an investment approach to all cost management. According to the report, the initiatives drove more than $1 billion in productivity savings in 2019 and PepsiCo plans to deliver the same savings annually through 2023.