How Do Credit Card Companies Work With Airlines?

Jesse: There was a research report that was written by a Stiefel Nicholas analyst, I think two years ago. He put buys on basically all of the major airlines. And he didn't believe that Wall Street was effectively valuing airline businesses because they were just being valued on the cash flow from their operations. Jesse: Only in the last two or three years have people become actually aware of how big these businesses are. United Mileage Plus in June of 2020 had 100 million members,. $5.3 billion in cash flow from mileage sales, from mile sales, and $1.8 billion in profit from the mileage plus program. That's 26% of all of United's e

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