How Airlines Quietly Became Banks

Name: How Airlines Quietly Became Banks
Uploaded: 2021-12-14T00:00:00.000Z
Duration: 16 min 45 s
Description: Airlines are essentially banks whose frequent-flyer programs are worth more than the airlines themselves, allowing them to lose money flying while profiting by selling miles — a system with almost no way to lose.

Wendover Productions · 16:45 · Watch on YouTube

Airlines are essentially banks whose frequent-flyer programs are worth more than the airlines themselves, allowing them to lose money flying while profiting by selling miles — a system with almost no way to lose.

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