3 ms·
Airline loyalty programs are valued more than the airline operations
- halpert 5y agoThis view is a little myopic. American Airlines just took on an additional $10B in debt. Guess what it was backed by? (answer: their loyalty program). The value of an enterprise takes assets *and* liabilities into account.
- vmception 5y agoDo people just say “late stage capitalism” to things they don’t understand? To services that aren’t based on the trade or value of physical assets? To models they didnt see when they were reading case studies during their MBA?