People inside Chase are concerned their Sapphire Reserve Card is too generous and they’ll never make back their investment and that the bank “is pushing for about $200 million in fresh cost cuts in the unit that oversees the card.”
General
Category Archives for General.
Richard Branson Sells Out, Delta and China Eastern Buy Into Air France, I Can’t Even Keep Up
Delta owns 49% of Virgin Atlantic. Now Air France KLM is going to acquire Virgin Group’s 31% stake in the carrier. So Virgin Atlantic will be 80% owned by joint venture partners Delta and Air France.
But that’s not where it gets complicated.
Insane Mileage-Earning Offer for Hotel Stays Being HONORED
Earlier tonight I wrote about a ridiculous deal offering up to 150,000 miles in the Gol Smiles program for even a one night hotel stay that cost $600 or so.
RIDICULOUS DEAL: Earn 150,000 Miles for a One Night Hotel Stay
You’re going to want to familiarize yourself with this program because they’re running a promotion that is insane and off the charts: hotel bookings for miles worth far more than the hotel nights themselves.
Alaska Airlines Expanding Fast, Benefiting from Poor Value Offered By Competitors
Alaska Airlines has launched 20 new routes in the last 9 months, and says 15 are already profitable. They’re planning 30 new routes in the next 6 months.
American Introduces New Delayed Baggage Push Notifications and Mobile Lost Bag Claims
In August 2015 American ported in the US Airways baggage tracking feature so customers could see the status of bags in real time.
American has now rolled out what they call Customer Baggage Notification.
Hilton Wants to Impose 7 Day Cancellation Policies, Charge You More for Flexibility
It was only 3 years ago that Hilton moved from generally allowing same day cancellation of hotel reservations to requiring cancellation the day before to avoid charges.
Crazy: Family Removed From Flight Because Mother Gave Her Business Class Blanket to Son in Coach
It’s always awkward to fly in a different class of service than other people in your party.
Etihad Lost Nearly $2 Billion Last Year — Yet They Made Money Flying Passengers
Etihad posted a loss of $1.87 billion for 2016. Yet carrying passengers on the airline (so excluding special items) they actually made money.
All three major Gulf carriers are struggling.
New Electronics Screening Procedures Coming for US Domestic Flights
A month ago the US declared that not only wouldn’t they extend the ban on electronics larger than a standard cell phone to European flights, but they’d remove it from flights coming from Mideast airports, provided each airport around the world changed its security procedures to U.S. specifications.
Supposedly there’s a concrete plot to blow up planes with electronics and that’s the top secret information President Trump disclosed to Russians in the Oval Office.