With air traffic down 90%+ American raises baggage fees
AA jacks up bag fees on their cheapest tickets when air traffic is at unprecedented lows
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AA Business Extra adds partner award redemptions
You can now redeem American Airlines Business Extra Awards on partner flights.
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Watch Round 2 of Chamath P. put CNBC on blast ( He called the airlines zombie companies last week )
A week ago, Chamath Palihapitiya, CEO of Social Capital, said zombie companies should fail, I.e. the airlines, who spent 96% of free cash
Credit Cards
Banks should be adding transfer partners now
“Never let a good crisis go to waste” While the banks may be facing loan loss, they’ve received enormous guarantees from the Fed,
United issues 39M+ shares of equity to finance operations
How about this… A publicly traded company raises its own money. Let’s give United a round of applause for heading on over to
Is this the post-Covid future look of flying?
Check out the Poltrona “Janus” economy configured seats below. They’ve conceptualized a backward middle seat, protection guards, and ease of cleaning. It’s almost
News
40% say they’ll wait 6 months to travel post Covid-19 containment
IATA surveyed recent travelers and found that 40% would wait 6 months to travel again post Covid
Credit Cards
Travel + the great credit card points bubble has popped
The bubble has popped The more I look at the current landscape, sans an immediate miracle drug/vaccine, the more pessimistic I become towards
Guides
Beginner’s Guide: Check your credit score with Credit Karma + 5/24 number
Beginner's Guide to checking your credit score with Credit Karma and calculating your 5/24 number
United dog whistles future layoffs and need for further bail outs after spending 96% of free cash flow on buybacks
United released a joint statement today from Oscar Munoz and Scott Kirby essentially saying that, due to Covid, they were thankful for the