2021 U.S.-Booked Air Volume: $8 million
Primary Global TMC: Amex GBT

At $8 million, PepsiCo’s BTN-estimated 2021 U.S.-booked air volume is down from a estimated spend of $14.8 million in 2020 and far lower than its 2019 volume of $67 million. Net revenue at the company grew 13 percent from $70 billion in 2020 to $79 billion in 2021. There were 299,000 permanent and 11,000 temporary employees, although in the first quarter of 2022 PepsiCo completed the divestiture of its Tropicana, Naked and other juice bands to a private equity owner. In 2021 PepsiCo launched the Business Travel Inset Program, an internal carbon price mechanism that adds a carbon fee to the cost of each flight undertaken by employees. Revenues from the program are reinvested into regenerative agriculture projects.