2015 U.S.-Booked Air Volume: $62 million
Consolidated Global TMC: American Express Global Business Travel
Verizon closed its merger
with AOL in June 2015, at which time AOL became a wholly-owned subsidiary of
Verizon. As of December, Verizon employed approximately 177,700. Revenue for
2015 was $131.6 billion, up approximately 3.5 percent. Verizon is looking at
the strength of its mobile coverage as a foundation for growth but has also set
its sights on new revenue streams. The merger with AOL has put online content
in the forefront by adding Engadget, The Huffington Post and TechCrunch to its
business portfolio. The company launched a mobile-first social entertainment
platform called Go90, aimed at Millennial customers. The Internet of Things has
also emerged as a new revenue stream. Verizon has seen significant success with
IoT fleet management solutions.