Originally Posted by
FriendlyPilot
LOL you're kidding me right? I just watched it. Nowhere does he actually show any money from actual financial statements other than the total revenue and total costs. He then "assumes" that Delta gets $5B in free cash from AMEX and then says United "probably does too" and then says those airlines lose Billions a year. If this was so lucrative, then why wouldn't these credit card companies do the same with Jetblue Spirit etc?
This is absolutely misinformation. The whole video is a joke and he's stitching random uncorrelated information together to sound like he knows what he's talking about.
If you read the comments they are not only scathing but hilarious.
If this is your source of information I have some flat earth and chemtrail videos you should watch as well.
if you don't like this video here is a "woke" news source for you...
"Last year, Delta Air Lines received $6.8 billion in revenue from American Express on its co-branded Delta Amex card. American Airlines reported revenue of $5.2 billion from co-branded cards and other partnerships. United reported a mere $3.2 billion on its other operating line that came primarily on payments to its frequent flyer program. And when considering the adjusted incomes of 2023 for Delta ($4 billion) American ($1.9 billion) and United ($3.3 billion), it’s easy to understand why the major carriers rely so heavily on frequent flyer programs."
https://www.cnn.com/2024/09/08/busin...nes/index.html
If you can't see how that is a issue with record high CC debt then that's on you. These companies would not be profitbale without CC programs.
you do you, go ahead and live in fantasy land, but without CC programs no legacy could compete for econmy tickets prices. The american consumer is in debt and has about 2-4 weeks of savings. If ******* hits the fan economically the whole premuim model falls apart.