A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.
Bilt Rewards Becomes One Of Fastest Companies Ever To Hit Unicorn Status
Bilt Rewards, the loyalty program which lets you earn points for paying rent and which offers probably the single best no annual fee rewards card in the market (the Bilt Mastercard), announced a growth round of $150 million in new funding at a $1.5 billion post-money valuation. Their round was led by Left Lane Capital and included Smash Capital, Wells Fargo, Greystar, Invitation Homes, Camber Creek, Fifth Wall, and Prosus Ventures.
These things can be somewhat challenging to date, but it appears to me that Bilt Rewards is faster from launch to unicorn status than Square, Instacart or Twitter were. And there’s two reasons this strikes me as important.
How American Airlines And Its Partners Decide Who Flies A Route
American Airlines has joint ventures with several airlines, including British Airways, Qantas, and Japan Airlines. In theory these are “metal neutral” – it isn’t supposed to matter to the airlines which one flies a given route. They split the money.
So how do they decide who flies? In a recent employee meeting, a recording of which was reviewed by View From The Wing, American’s Vice President for Network and Schedule Planning Brian Znotins explained how they coordinate schedules with their joint venture partners, including who flies where and when.
Alaska Airlines Says Miles No Longer Expire, But Their Program Terms Actually Say Otherwise
Alaska Airlines has eliminated miles expiration. Accounts used to go inactive (therefore expiring miles) after 24 months without earning or redeeming their points. Now accounts go inactive but can be reactivated with all of your points restored for free – as long as you do it within a year. I missed this last wrinkle when first looking at the change, and it means account expiration in 3 years of true inactivity.
Report: American Airlines Pilots Are About To Get A Crazy New Contract
A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.
Austin Airport Shows Why You Should Never Do Business With The City Of Austin
Austin airport is experiencing record passenger growth, and the terminal needs to grow along with it. So the city’s solution is to use eminent domain to acquire property they already own, by cancelling a lease that they themselves signed. It’s a strange use of the government takings power, which underscores that the city never keeps its word and anyone investing $12 million dollars in a city project does so at their own risk.
IHG: 15% Off Hotel Redemptions For Platinums, Diamonds, And Cardholders
IHG One Rewards promised to run award redemption discounts for Platinum and Diamond members and the latest one is out. It includes co-brand cardmembers as well.
There Are Two Reasons American Airlines Decided To Drop Flagship First Class
When American Airlines introduces new business class suites with doors in 2024, alongside taking on new Boeing 787-9 aircraft, they’re going to reconfigure their Boeing 777-300ERs to have these seats as well. In the process they will eliminate ‘Flagship First Class’ and business will be the top cabin on the aircraft.
At an internal meeting this morning, a recording of which was reviewed by View From The Wing, senior executives at the airline laid out the two basic reasons they made the decision to drop Flagship First Class.
New Saudi Arabian Mega Airline About To Place Huge Jet Order
Saudi Arabia is starting a new mega-airline meant to counter Emirates and Qatar. They already have Saudia, based in Jeddah, and they aren’t expanding it. Instead they’re starting from scratch with a $30 billion warchest to launch “RIA” based in Riyadh. They’re hiring away the CEO of Etihad, and they’re about to place a major order for new planes.
American Airlines Will Introduce New Bedding, Amenity Kits, And Meals With New Business Class
In September American Airlines unveiled their new business class suites that would go into Boeing 787-9, Boeing 777-300ER and Airbus A321XLR aircraft. These won’t be flying until 2024. But at the same time they bring an elevated business class seat into the market, the airline also plans to introduce new inflight meal service, amenity kits, and bedding as well.
I had heard this project was underway, but a little more detail was shared in an internal employee question and answer session earlier this month, a recording of which was reviewed by View From The Wing.