2018 U.S.-Booked Air
Volume: $90 million
Consolidated Global TMC: Amex GBT
BTN estimates Morgan Stanley’s 2018 U.S.-booked air spend
spiked by more than 40 percent over 2017 air spend. Full-year net revenue for
the investment bank and financial services firm were a record $40.1 billion,
compared with $37.9 billion the prior year. Morgan Stanley has been in buying
mode since late last year and in early 2019 made its biggest acquisition since
the 2008 financial crisis: employee stock plan management company Solium
Capital for $900 million. The deal expanded Morgan Stanley’s wealth management
portfolio to reach a broader small and midsize corporate client base;
previously, it concentrated on a smaller cluster of Fortune 500 clients.
According to Forbes, Morgan Stanley employs 60,348, up from an estimated 57,600
in 2017.