The Airline Miles Trap, Explained Antigua [AFVvadwF18a]

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For decades, US airlines have looked like transport companies. They fly you across a continent, feed you at 35,000 feet, and hand you a few miles for the trouble. On the surface, the business is exactly what it appears to be.

Except it isn't. Strip out one hidden revenue stream and the biggest carriers in America don't just earn less, they lose money on every seat they fill. The flying, it turns out, may be the least valuable thing they do.

This is the story of how the airline you fly quietly became something else entirely, why a currency they invented is worth more than their entire fleet, and the single fee holding the whole machine together.

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A huge thanks to the interviewees on this video:

Paula Thomas, Let's Talk Loyalty: and Loyalty.tv:

Check out her LinkedIn here too:

Nik Laming,

Urban Leopard Ventures:

Check out his LinkedIn here too:

Visual approach report:

00:00 - Introduction

01:15 - American Airlines' outer banks netflix season 5 Plan

02:20 - AAdvantage Monster

03:00 - US Airlines 'Flying' Losses

04:38 - The Brutal Airline Business

06:00 - Credit Card Breakthrough

06:20 - Sponsor

08:39 - How Co-branded Cards Work

11:35 - What Is A Mile?

13:03 - The Business Of Selling Miles

14:00 - Selling Miles In Crisis

16:00 - Psychology Of Miles

18:00 - The Flywheel Effect

19:55 - 'Breakage'

21:30 - What A Mile Is Worth

24:00 - toiture darlex What Miles Cost Airlines

25:10 - Devaluations

27:30 - Interchange Fees Worldwide

29:00 - European Airlines 'Trick'

29:57 - Lufthansa 'Bundle & Go'

30:30 - The Qantas Problem

32:09 - The Aeroplan Story

34:30 - 'Credit Card' Route Planning

35:40 - Airlines Creating naomi osaka Actual Banks

36:20 - Extreme Data Mining

38:18 - US Loyalty Future

39:38 - The Neobank Revolution