HSBC Bankers Grounded as Pandemic Cut Business Travel by 96%
- Long-haul flying has reduced drastically in past two years
- CFO Ewen Stevenson said travel curbs will be permanent
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HSBC Holdings Plc’s logo is seen by millions of passengers throughout the world’s airports -- but its own staff aren’t among them.
The bank’s average worker racked up 307 kilometers (191 miles) of business travel last year, not quite enough for one round trip between HSBC’s U.K. offices in London and Birmingham. This is down from 4,228 km two years ago.