Originally Posted by HeavyDriver
The Airline Industry is the most regulated unregulated taxed industry going...The Government will most likely not mess directly with their cash cow. And how free is a market that has cash investors like JP Morgan, AMEX, to name a few...They will tell you what your going to pay for a ticket...And if you don't pay it...They'll just liquidate the 9 Billion Dollar asset with the 4 Billion Dollar Investment.
As HeavyDriver said..
From the Chase website:
"WILMINGTON, Del. – May 2, 2006 – BP North America [NYSE: BP] and Chase [NYSE: JPM] announced today the launch of the new BP Visa Card, just in time for summer travelers to earn more rebates on gasoline, travel and dining purchases.
The new BP Visa Card offers a five percent rebate on BP purchases – including gas, convenience store items and car washes. Additionally, card members can earn two percent rebates on most travel and dining purchases as well as one percent on virtually all other card purchases."
The Banks don't care who offers the cheapest seat they make more money in credit card interest than the 83.00 coast to coast ticket, they're quite happy to see people with less disposable income travel, those folks keep their balances up, thus 13.5-19.9% over a period of time out weighs a initial cheap purchase.. The more an Airline falls into a bind, the bank raises their lease and loan terms ..
just my opinion..
Rofzu..