Wednesday, April 29, 2026
61.0°F

AmEx profits plunge as travel spending comes to a standstill

by Ken Sweet
| October 24, 2020 12:03 AM

CHARLOTTE, N.C. (AP) — American Express' fourth-quarter profits dropped by 39%, the credit card giant said Friday, as the pandemic's deep impacts on travel, entertainment and dining dramatically impacted the company's results.

Become a Subscriber!

You have read all of your free articles this month. Select a plan below to start your subscription today.

Already a subscriber? Login

Print & Digital
Includes home delivery and FREE digital access when you sign up with EZ Pay
  • $16.25 per month
Buy
Unlimited Digital Access
*Access via computer, tablet, or mobile device
  • $9.95 per month
Buy