Amazon Saved a $1 Billion So Far With Corporate Travel Shut Down

Matthew Parsons

October 30th, 2020 at 10:35 AM EDT

Photo Credit: Amazon has saved nearly $1 billion in corporate travel spend, internal travel and travel expenses. Unsplash / Bryan Angelo

Skift Take

The travel industry is clearly being dealt a blow by company travel bans, but could anyone have pictured an amount on this scale?

Like most companies, Amazon ordered employees to avoid non-essential travel earlier this year. The net result — so far — has been nearly $1 billion saved in corporate travel, internal travel, and travel expenses. Brian Olsavsky, Amazon’s chief financial officer, revealed the savings during the company’s third-quarter earnings call on Thursday. Overall, that quarter saw sales grow 37 percent compared to the same period last year. However, while th

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