News and notes from around the interweb:
- Virgin Atlantic flight attendants want you to pay for them to sue the airline for higher wages
- Qantas plans to retire their Boeing 747s by 2020 and their Airbus A380s by 2030
- How I Built This: Dave Neeleman
- Can air miles points be securitised? (HT: Bryan) US airlines secured points-backed loans from their co-brand credit card partners a decade ago, generally in the $500m – $1b range. So that’s not entirely new. In terms of tradeable securities though that’s a bit harder as long as airlines claim no one actually owns the points, and they can be devalued at will.
- Every time I check luggage.
You know it’s a bad day at the airport when this is all you get back….😞 pic.twitter.com/IznF1iph8p
— Glenn Farley (@GlennFarleyK5) June 10, 2019
- Amtrak’s new Acela trains:
Video about Amtrak was spot-on regarding the Millenials not wanting to drive. Every Mlllenial I know–and I have two Millenial daughters, 26 and 39, with lots of friends–prefer to walk, bike, use public transport, live in the city, or even move to Europe, as opposed to living in the ‘burbs of America. Will be interesting to see how this affects the real estate market in the next 10-15 years.
@Gary: “So that’s not entirely new. In terms of tradeable securities though that’s a bit harder as long as airlines claim no one actually owns the points, and they can be devalued at will.”
As a unit of account they would have to be given a nominal value.