On how the US airlines work. 1. Operate at a massive loss 2. Get paid in kickbacks from the banks through their frequent flyer credit cards American Express alone pays $8b/year to Delta Airlines.
Ben Marrow
Ben Marrow18 tuntia sitten
Airlines instead make it up with vast sales of frequent flyer miles to banks, who then reward credit card spenders with such miles. The transfers are significant: American Express pays around $8bn a year to Delta airlines (Delta's entire operating profit for 2024 was $6bn)
1,07K