2017 U.S.-Booked Air Volume: $94 million
Consolidated Global TMC: BCD
BTN estimates Time Warner's U.S.-booked air
volume increased about 2 percent in 2017. AT&T acquired entertainment and
media conglomerate Time Warner in June 2018, 20 months after the proposed
acquisition was announced. Time Warner today exists as WarnerMedia, an AT&T
subsidiary. Before the acquisition closed, several Time Warner
subsidiaries—including HBO, Turner and Warner Bros.—operated separate but
collaborative travel programs. Time Warner's revenue increased about 6.7
percent in 2017 to about $31.3 billion. Selling, general and administrative
expenses increased 6.1 percent to $5.4 billion. The company had 26,000
employees at the end of 2017, about 1,000 more than it had 12 months earlier.