From Runways to Revenue: How Airlines Became Financial Giants

Posted by olivialily on Aug 21, 2024; 6:53am
URL: http://globafeat.120.s1.nabble.com/From-Runways-to-Revenue-How-Airlines-Became-Financial-Giants-tp20793.html

How Airlines Are Just Banks Now; explores the remarkable transformation of the aviation industry, where airlines are just banks now. The transformation of airlines from merely transporting passengers into firms generating huge revenues through relatively complex loyalty programs, credit card partnerships, as well as revenue management strategies that rival those adopted in banks has happened. As a result, billions have been transformed into miles and points making airlines an important pillar in finance. This trend reshapes the industry, turning miles and points into currency, and positioning airlines as key players in the financial sector.