2023 U.S.-Booked Air Volume: $28.9 million 

With a BTN-estimated $28.9 million in U.S.-booked air travel spend in 2023, Ford returns to BTN’s Corporate Travel 100 for the first time since 2017. Back then, the company had not featured in the list for the previous two years and BTN presciently reported its return “could be short lived” due to declining revenue. Indeed, revenue slumped from $156 billion in 2017 to $127 billion in 2020 but climbed over recent years to $176 billion in 2023. 

While sales of its electric vehicles grew by 20 percent last year—Ford is the second biggest seller of EVs in North America—its Model E division made a full-year EBIT loss of $4.7 billion. 

The company employed 177,000 people worldwide last year, around half of whom were located in the U.S. Although global employee numbers were up marginally on 2022, Ford announced plans to cut 3,800 jobs in Europe last year, primarily in Germany and the UK. 

The production of electric vehicles is a core element of the company’s decarbonization plans, with Ford aiming to achieve carbon neutrality globally no later than 2050 and in Europe by 2035.  

It has thus far reduced Scope 3 emissions by 19 percent since 2019 but business travel emissions (Scope 3.6) are a fraction of the company’s overall output because, as a vehicle manufacturer, the vast majority are attributed to scope 3.11—use of sold products. In its 2023 annual report, Ford recorded 387.6 million metric tons of CO2e, with 27,712 metric tons of CO2e coming from its business travel activity.