TripActions on Wednesday announced it acquired U.K.-based travel management company Reed & Mackay, its first-ever TMC acquisition. The deal follows TripActions' $155 million Series E funding round in January.
American Express Global Business Travel has reached an agreement to acquire Egencia, the travel management company owned by publicly traded Expedia Group. The proposed deal would see Expedia Group become a shareholder in Amex GBT.
Delta Air Lines and Sabre on Monday announced a new multiyear "value-based" distribution agreement that represents an "industry-first model." Delta said the deal departs from a "commoditized" global distribution system pricing structure and, at the same time, promotes how the carrier wants to be presented and sold in third-party channels.
Airbus subsidiary Skytra is aiming to tear up the rule book for how corporate clients buy fares from airlines.
Barcelona-based travel management company TravelPerk on Thursday announced it raised $160 million in a Series D equity and debt round, its largest single raise in six years of operations.
Southwest Airlines expects to go live as a fully participating carrier in the Sabre global distribution system by the end of summer, on the early side of its initial target to launch in the second half of 2021, Southwest president Tom Nealon said Thursday during the airline's first-quarter financial results call.
Australia-based multinational travel management company Corporate Travel Management during a UBS investor conference Wednesday reported a break-even performance in March and indicated it expects to return to profitability for the quarter ending June 30. The TMC signaled solid demand recovery among corporate clients in Australia and New Zealand and signs of life elsewhere.