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>the deals they allow through credit cards are more like loss leaders Au contraire, it's more and more common for airlines' sales of milage/point blocks to CC-
by sithadmin 3y ago
>the deals they allow through credit cards are more like loss leaders
Au contraire, it's more and more common for airlines' sales of milage/point blocks to CC-issuing banks to be the most important bottom-line contributor, with the value for milage program deals exceeding the rest of the airline's operations and assets altogether:
[1] https://www.theatlantic.com/ideas/archive/2023/09/airlines-banks-mileage-programs/675374/ https://www.theatlantic.com/ideas/archive/2023/09/airlines-b...
[2]https://airlinegeeks.com/2021/12/17/here-s-why-airline-loyalty-programs-are-profit-machines/ https://airlinegeeks.com/2021/12/17/here-s-why-airline-loyal...
[3]https://www.bloomberg.com/news/articles/2017-03-31/airlines-make-more-money-selling-miles-than-seats https://www.bloomberg.com/news/articles/2017-03-31/airlines-...
- fragmede 3y agoAirlines generate so much revenue from credit cards that it's said that airlines companies are credit card companies with an airline attached.