Will Business Travel Come All the Way Back?
Jul 27 2021, 11:08 AM
July 27 2021, 12:36 AM
July 27 2021, 11:08 AM
(Bloomberg Opinion) Airline CEOs are increasingly bullish about the business travel recovery. Other S&P 500 CEOs arenât so sure. And neither are investors.
(Bloomberg Opinion) Airline CEOs are increasingly bullish about the business travel recovery. Other S&P 500 CEOs arenât so sure. And neither are investors.
All of the major U.S. carriers reported improving demand from corporate fliers in the second quarter and expressed more optimism than they have at any other point of the pandemic that this lucrative corner of the market would start to return to normal. American Airlines Group Inc. predicted a full bounce back in U.S. corporate demand by 2022, even though revenue tied to this business had only recovered to 45% of pre-pandemic levels by June. United Airlines Holdings Inc. highlighted a recent survey in which more than 90% of corporate customers
Salesforce passes the $20 billion milestone; onwards to $50 billion with a new business operating model in play
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Summary: Salesforce comfortably crashed through its long-standing revenue target. The next step is faster growth powered by a work from anywhere model, according to CEO Marc Benioff and team.
(Analyst calls COVID-style - (L-R Patterson, Taylor and Benioff )
Despite the inevitable distraction of a global pandemic, this was always going to be the year that Salesforce delivered on one of its biggest targets and became a $20 billion revenue company.
In the event, it passed that tipping point comfortably, turning in full year fiscal 2021 revenues of $21.25 billion, prompting CEO Marc Benioff to set out the next goal is $50 billion for fiscal year 2026: