Comments on Bloomberg article?

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by Ben Schlappig Guest March 31, 2017, 11:01 am

Comments on Bloomberg article?

Anonymous Guest
March 31, 2017, 11:01 am

Hey Ben- love your blog, keep it coming! I am curious if you saw this article ([URL]https://www.bloomberg.com/news/articles/2017-03-31/airlines-make-more-money-selling-miles-than-seats[/URL]) and had any thoughts on it? Why do you think the industry has evolved so much that miles are such a big part of the business?
Donna Diamond
March 31, 2017, 2:28 pm

Wow! Had no idea – actually shocking the numbers are this high for both the banks and the airlines. Thanks for posting and I hope Lucky weighs in as well.
Gaurav Community Ambassador
March 31, 2017, 4:14 pm

I’m not surprised. The FF operation for airlines is like having your own Reserve Bank. You can “print” as much currency as you want, you can control redemptions, and all for relatively low overhead compared to owning and operating big jets (although those are essential to the operation).

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Comments on Bloomberg article?