AmericanExpress sees weak demand from consumers abroad and from companies could mean overall travel spending will not recover for years.
Company executives confirmed that they have been looking at the year 2023 before the economy gets back to 2019 levels.
Daimler has seen its Mercedes’ margins surge to its highest levels in years. Reported higher net income and improved revenue in the first quarter as total vehicle sales climbed 13% compared with a year earlier.
Timestamps:
AXP 02:20
DAIG 03:35
