Amex GBT Secures UK Approval for CWT Deal, Eyes Profitability Amid Steady Growth

American Express Global Business Travel (Amex GBT), operated by Global Business Travel Group (NYSE: GBTG) has secured approval from the UK’s Competition and Markets Authority (CMA) to complete its acquisition of global business travel peer CWT, consolidating two leading corporate travel management firms. The deal is expected to strengthen GBTG’s market position and unlock significant cost synergies. The approval comes as GBTG faces a lawsuit filed in January by the U.S. Department of Justice’s Antitrust Division, challenging the merger on competition grounds.

According to Visible Alpha consensus, GBTG’s revenue is projected to rise +5% year-on-year to $2.5 billion in 2025, with total transaction value expected to increase +7% to $32.6 billion. The company is also forecast to turn profitable, generating $127 million in net income in 2025. Diluted earnings per share (EPS) are anticipated to reach $0.27 in 2025 and climb to $0.63 by 2027, reflecting improved profitability and operational efficiency following the merger.