Tag Archives for american airlines aadvantage.
Award charts are the fundamental cornerstone of a loyalty value proposition.. Always and everywhere that a frequent flyer program has dropped award charts it has meant big devaluations. There are no exceptions.
The real estate market is hot in many areas of the U.S., and mortgage rates remain low by historical standards. Real estate agents will pay for their next lead, and lead generators will rebate part of that payment to you in the form of airline miles. It’s potentially win-win-win.
And in a sign of the times not only can you earn miles buying or selling a house (or both!) but there are now ads for American AAdvantage partner Miles From Home Realty running at American Airlines gates across 75 airports.
Before the pandemic American Airlines was losing money flying planes – the sale of frequent flyer miles accounted for its profit.
During the American Airlines first quarter earnings call Stifel analyst Joe DeNardi asked CEO Doug Parker whether he realized how profitable the AAdvantage program is, and why he doesn’t devote more time during the earnings call to discuss it?
He offered that “in 2019, your loyalty program generated roughly the same amount of EBITDA as Marriott did” and wondered “”why don’t you allocate 40% of the time on these calls to the loyalty program” given its importance?
American Airlines is known for being particularly stingy with international business class award space on its own flights. I redeem AAdvantage miles more than any other airline currency, but almost always for flights on their partners.
Right now, though, there are some good opportunities to spend miles for summer business class to Europe – just as several European destinations plan to re-open at least to vaccinated Americans.
In May 1981 American Airlines launched the world’s first airline loyalty program offering free flights. Days later United Airlines announced a similar program. Both programs turn 40 years old next month.
In the month leading up to the 40th anniversary of AAdvantage, American is running a sweepstakes with daily instant win opportunities. Here are full details.
American Airlines just boosted the amount they are borrowing against the AAdvantage program to a record-breaking $10 billion.
The blended average rate on this debt is 5.575%, paid by three subsidiaries that now make up AAdvantage based in the Cayman Islands. When the pandemic is over I’m encouraging American to throw a Members Only Party on board several flights to Grand Cayman where we can all visit our miles.
American Airlines is refinancing the mortgage it took on its frequent flyer program with the U.S. Treasury by raising $7.5 billion against AAdvantage in private financial markets.
As part of these efforts they had to make a ton of information public about AAdvantage in an SEC 8-K filing. Here are 14 interesting things that they had to share with investors and the SEC.
American Airlines is alone in pledging their frequent flyer program to the federal government as collateral for a subsidized CARES Act loan. Delta and United raised money against their programs on the private market, while Southwest pre-sold points to Chase.
Now American has created a Cayman Islands subsidiary to refinance its AAdvantage mortgage.
American Airlines is considering selling debt to the public backed by its frequent flyer program as soon as March. You’ll be able to own a piece of the income flow from AAdvantage. They’d do this in order to refinance their government CARES Act loan against which they’d pledged the loyalty program.
Platinum Pro members can have choose a confirmed international upgrade, miles and other choices – and get new higher-tier oneworld alliance benefits. Executive Platinums can choose several options like miles and a club membership instead of confirmed upgrades if they’d like – and get the Platinum Pro choice, too.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
