American Express Global Business Travel Shares Surge After Partnership with FS for High-Speed Rail Promotion

American Express Global Business Travel (GBTG) shares jumped 6.7% after parent investor Certares partnered with Italian rail firm FS to promote high-speed rail over air travel. The collaboration aims to encourage business and leisure travelers to switch to high-speed trains, which are seen as more environmentally friendly, reliable, and cost-effective. GBTG's shares have been somewhat volatile over the past year, with 11 moves greater than 5%. The company's revenue increased 1% YoY to $631 million, while adjusted EBITDA grew 4% to $133 million.