How Airlines Quietly Became Banks
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Why it's on BrighterTube
Hand-picked by a BrighterTube curator · found via HackerTube (Karpathy's dataset of videos Hacker News recommends · 88% confidenceExplains how airlines sell miles to credit-card banks, making loyalty programs profitable currency issuers worth more than the airline itself (with the pandemic-era loan collateral figures). 5 HN recommenders.
What you'll learn
Why airline loyalty programs, through selling miles to banks, have become more valuable than the airlines' flying businesses.
Video by Wendover Productions, played through YouTube's embedded player.