What Will A Banking Crisis Do To Miles And Points?

Mar 15 2023

The big co-brands have all become such expensive deals that only the biggest banks could swallow them. So your airline credit card isn’t going to disappear. And the big banks are also the only ones that have been able to afford to stand up their own rich transferable points programs which can outcompete airline cards.

Continue Reading »

The Conspiracy Theory About Why United Airlines Says They Expect To Lose Money

Mar 15 2023

Combined with a broad sense of bank fragility in the face of rising interest rates, alongside a concern that we’re late in the economic cycle and potentially headed into recession, United’s announcement worried some observers that it was a sign that consumer spending was tightening alongside shrinking household balance sheets.

But what changed at United? They cite some booking softness earlier in the year. And they made a decision to accrue costs related to a new pilot contract into the first quarter for their projections. Isn’t that… a little weird?

Continue Reading »

Passenger Gets Tased By Cops After Drinking ‘About’ 3 Margaritas At The Airport

Mar 15 2023

The man, despite his state, makes an a point to the officers: why is it a problem to drink 3 margaritas when there’s a bar at the airport? I’d add that if the man committed a crime, surely it’s admitting to paying $2,000 for what is probably a domestic flight.

He resists arrest, and gets tased. But what’s priceless is the older male passenger in a mask approaching, trying to intervene?

Continue Reading »

Pre-Opening Look Inside New Austin Airport Chase Sapphire Reserve Terrace

Mar 14 2023

Last month I broke the news, based on an Austin city permit that Chase would be opening a space in the Austin airport, an indoor-outdoor space next to the Delta Sky Club< which takes over the public outdoor deck. It's opening this month and will offer grab and go food. Chase has shared that the “Sapphire Terrace” will open March 20, and be available to Sapphire Reserve cardmembers departing from Austin (no access on arrival) and offer complimentary local beverages (“like cider from Austin Eastciders and beer from (512) Brewing Company as well as non-alcoholic beverages”). There will be “shuffleboard, a giveaway, and more” and “artwork from Austin artist and muralist Rex Hamilton that’s inspired by the vibrant colors and native flowers of Texas.” Sapphire Reserve cardmembers will be eligible to bring two guests. The…

Continue Reading »