Apple’s Travel Spend Soars to $210 Million in 2022
Apple Inc. has experienced a significant increase in its travel spend, reaching $210 million in 2022, a six-fold rise compared to the previous year. This brings the company closer to its pre-pandemic travel expenditure of just under $300 million in 2019, according to estimates by BTN (Business Travel News).
Since 2020, Apple has been committed to carbon-neutral operations, including business travel and employee commute. In 2022, the company expanded its footprint boundary to include work from home as part of its new hybrid work model. The corporate travel activity during the fiscal year generated 113,500 metric tons of carbon dioxide equivalent, a significant increase from the previous year’s 22,850 metric tons. Apple has also made a pledge to transition to sustainable aviation fuel, aiming to match 5 percent of its passenger air travel footprint by 2030.
With a workforce of 164,000 employees as of September 2022, up from 154,000 the previous year, Apple continues to grow. The computing and software giant achieved global revenue of $394.3 billion in fiscal year 2022, marking an 8 percent year-over-year increase.
The Impact of Apple’s Travel Spend Increase
The significant increase in Apple’s travel spend highlights the company’s commitment to maintaining a strong presence in the business travel sector. Despite the challenges posed by the pandemic, Apple has managed to recover and come close to its pre-pandemic travel expenditure. This demonstrates the company’s resilience and adaptability in the face of changing circumstances.
Apple’s focus on carbon neutrality is also commendable. By expanding its footprint boundary to include work from home, the company acknowledges the importance of reducing carbon emissions associated with employee commute. The pledge to transition to sustainable aviation fuel further emphasizes Apple’s dedication to environmental sustainability.
The growth in Apple’s workforce and revenue further solidifies the company’s position as a leading player in the tech industry. With its continued success, Apple is well-positioned to make significant contributions to technological advancements and innovation in the coming years.