2024 U.S.-Booked Air Volume: $43.1
million
2024 Global T&E: $144
million
Primary Air Suppliers: American, Delta, United
Primary Hotel Suppliers: Courtyard by Marriott, Hampton Inn, Hilton Garden Inn
Primary Car Rental Suppliers: Avis, Enterprise, Hertz
Global Online Booking Tool:
SAP Concur
Global Expense Supplier: SAP Concur
Global Payment Supplier: Citi
Global Risk Management Supplier: Crisis24
Consolidated Global TMC: Amex GBT
American car
manufacturer Ford returned to BTN’s Corporate Travel 100 last year after a seven-year-long
absence and has since strengthened its position with $43.1 million in
U.S.-booked air travel spend in 2024. This marks a $10 million year-on-year
increase in air travel spend as the company’s annual revenue climbed 5 percent
to $185 billion.
Close to half of
Ford’s U.S.-booked air travel spend was for domestic trips, with the company
imposing stricter approval processes for intercontinental travel. It has also
updated its travel policy to make premium travel more restrictive and to limit the number of
employees who can travel together
on the same trip. The carmaker
also recently called its salaried workforce to return to the office four days a
week.
On the technology
front, Ford has automated tax and immigration compliance processes, which are
now integrated with the company’s travel approval workflows. With an 80 percent
online booking rate, the company in 2024 transitioned travelers based in the
Americas to the new Concur Travel platform, with the rest of the world
following suit in 2025.
Last year, the company
employed 171,000 people worldwide, with more than half based in the U.S.,
however its global workforce shrank by 6,000 following planned job cuts in
Europe. Additional layoffs are expected as the company seeks to reduce its
European workforce by about 14 percent—primarily in Germany and the U.K.—by the
end of 2027.
In its 2024 annual
report, the company noted that U.S. policy shifts, poor EV charging
infrastructure and higher supply chain costs may restrict EV sales moving
forward.
Newly imposed U.S.
tariffs on imported vehicles have already impacted 2025 earnings, with Ford
anticipating a $3 billion hit to annual pretax profits as a result.