Tag Archives for american airlines.
With people thinking more about getting out more in the not too distant future, on board card promotion is back in a big way in fact for March and April they’re incentivizing this with additional cash and donations.
What’s perhaps most interesting though is the statistic they’re promoting, that only 14% of passengers on a given flight have an AAdvantage credit card.
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 offering employees who get vaccinated an extra vacation day and $50 in rewards. Here’s the employee message from CEO Doug Parker and President Robert Isom about the incentive – something that will become increasingly important as supplies become more abundant and we need to convince vaccine hesitant people to help us stop the pandemic.
Starting this evening American Airlines will launch an new service to Brazil operated by a Boeing 737 in Oasis configuration, Miami – Manaus, the primary departure point for the Amazon Rainforest.
American Airlines has a small business program. It’s designed for companies that aren’t going to have corporate-level agreements with an airline that come with discounts or rebates. Instead they offer points redeemable for travel and services from the airline. It’s a great double dip. And they’re offering new signups a confirmed first class upgrade after taking any flight.
When other CEOs were cutting their pay at the start of the pandemic in order to share sacrifice, American Airlines CEO Doug Parker’s pay wasn’t cut. He takes all of his pay in stock and told employees that the stock is worth less and that was his pay. The number of shares he receives was not reduced.
Surprisingly, Parker may have earned this year’s $7 million stock award – and then some.
During the pandemic American Airlines accelerated the removal of seat back video screens from its Boeing 737 aircraft. While other airlines aggressively clamped down on capital spending, American ramped up its effort to add seats to its planes – reducing the amount of space per passenger, even in
first class – and take out the screens.
Now there is just one Boeing 737-800 left with seat back entertainment: N981NN. And unfortunately you won’t be able to fly on it, because it’s been in storage in Miami since November 23, 2020 and is about to be sent in to be retrofit.
A year and a half ago American Airlines CEO Doug Parker was scoffing at United’s investments in biofuels being good for the environment. There was real evidence for his position, that current biofuel technology is simply too resource-intensive to be useful.
Now, though, American has done a 180 – with a new President whose environmental priorities open up the possibility for new subsidies.
American Airlines is bringing 11 pilots back to work after furlough. They’ll start requalification training on March 2, 2021. All of them have received a WARN Act notice, letting them know they may be re-furloughed at the start of April.
One thing that’s boosted how much money American Airlines keeps for itself out of the second bailout is voluntary leaves. They’ve convinced employees to go on unpaid leaves. Many thought they would collect unemployment, understanding that American would not contest these claims.
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 »
