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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY (AXP)
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American Express : to open Centurion lounges in UK and US

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12/07/2018 | 11:48am CET

American Express has unveiled plans to open the 13th and 14th Centurion-branded lounges at Londons Heathrow Airport in the UK and the Charlotte Douglas International Airport in North Carolina, US.

Centurion Lounge at Heathrow Airports will be located after security in Terminal 3, will cover 7,000ft and is scheduled to open next year. It will be the first of the companys lounges in Europe, and the second outside the US.

Heathrow Property head John Arbuckle said: The lounge will offer a unique and premium experience for American Express customers and a comfortable haven, bringing to life the essence of modern British hospitality.

At Charlotte Douglas Airport, the Centurion lounge will also be positioned after security checks on the top floor of a new expansion at the intersection of Concourses D and E, adjacent to the airports central Atrium. It will become operational in 2020.

Covering 13,000ft, the lounge will feature floor-to-ceiling windows. It will offer members complimentary food and drink, bar staff, and access to Wi-Fi.

American Express global loyalty and benefits senior vice-president Chris Cracchiolo said: Both in business and their personal lives, our Platinum Card Members are living more globally, and we are committed to meeting them wherever they go.

London has long been a top destination for our Platinum Card Members, so it makes perfect sense to bring our first Centurion Lounge in Europe to Heathrow.

Were also looking forward to bringing The Centurion Lounge to Charlotte Douglas International Airport, which is one of the biggest connecting hubs in the US.

American Express recently announced new locations coming to New Yorks John F Kennedy Airport, Denver International Airport and Los Angeles International Airport.

(c) 2018 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 40 428 M
EBIT 2018 11 679 M
Net income 2018 6 356 M
Debt 2018 -
Yield 2018 1,38%
P/E ratio 2018 14,46
P/E ratio 2019 13,12
Capi. / Sales 2018 2,25x
Capi. / Sales 2019 2,09x
Capitalization 91 133 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 115 $
Spread / Average Target 7,7%
EPS Revisions
Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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