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Loyalty programmes are keeping America's airlines aloft
- ValentineC 1y agohttps://archive.ph/Sl4ch https://archive.ph/Sl4ch
- quantified 1y ago> The model is simple: airlines sell miles to card issuers; cardholders earn miles by spending; and those miles are eventually redeemed for travel. Each party benefits. Banks and other financial firms gain loyal customers, travellers enjoy flights and perks, and airlines secure a steady stream of profits. Not mentioned are the merchants who are being paid by credit card. They lose a greater percentage.