Chase Launching New Travel Portal This Year, To Become Third Largest Travel Agency

chasebank
Jul 30 2022

This spring Chase revealed that they would launch ChaseTravel.com this year. They are still on track and fleshing out more detail about what it will look like.

They’ve expected the product to generate $10 billion of sales in 2023 and $15 billion by 2025, making it the third largest travel agency behind Expedia and Booking.com. Already Chase generates 25% of total leisure travel spend on its cards.

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Instead Of Buying Spirit Airlines, JetBlue Should Exit The Airline Business

Jul 29 2022

If it’s true that JetBlue really faces the choice of grow or die, and this is the only way to grow, then they should be thinking about other ways to deploy their capital. There is nothing written in stone requiring JetBlue to grow in the airline business, or even to maintain their current airline operation. As a company JetBlue should find the most profitable ways to deploy its assets.

JetBlue should consider pivoting away from the airline business if they can’t earn a good rate of return in the airline business. Surely they’d even do better for shareholders by giving the cash used in the Spirit deal to Jack Bogle.

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