When Frequent Flyer Programs Are Worth More Than The Airlines That Own Them

Jun 30 2022

El Al is spinning off its frequent flyer program at a $500 million valuation. The entire airline, including the frequent flyer program, has a market cap of less than $180 million. They’re not alone. American’s frequent flyer program was appraised at up to $30 billion (and they borrowed $10 billion against it) while their market cap is less than $9 billion.

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Bilt Launches A Travel Portal: Redeem Points At 1.25 Cents Apiece (Even For Disney)

Jun 30 2022

Bilt has launched a travel portal so that – in addition to transferring points to partners like American, United, and Hyatt – Bilt Rewards members can book their preferred trip (whatever it is) and pay with points instead of cash.

Each point is valued at 1.25 cents apiece when spent this way. That beats most credit card portal values, and matches Chase with its Sapphire Preferred Card.

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89 Year Old Woman ‘Stranded In Atlanta’ After Being Kicked Off Delta Flight

Jun 30 2022

One woman in Atlanta – 89 years ago, and just out of the hospital the day before – found herself stranded after a mix up on Delta Air Lines. She seemingly paid the pet in cabin fee but the flight wasn’t updated to reflect the pet in the cabin. Delta says the problem was her dog barked.

She was asked to leave the aircraft. She showed her pet in cabin receipt – but wasn’t allowed back on and she’d made the classic error of putting her medications in her checked baggage.

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