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Airlines Are Just Banks Now (www.theatlantic.com)
submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo
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[-] wyrmroot@programming.dev 5 points 2 years ago

A 2020 analysis by the Financial Times found that Wall Street lenders valued the major airlines’ mileage programs more highly than the airlines themselves. United’s MileagePlus program, for example, was valued at $22 billion, while the company’s market cap at the time was only $10.6 billion.

Wow. Banks that fly planes on the side is right…

this post was submitted on 21 Sep 2023
27 points (96.6% liked)

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