How Airlines Quietly Became Banks
- Episode aired Dec 14, 2021
- 17m
During the CovId 19 pandemic the major United States airline offered their frequent flyer programs as collateral for loans so they could keep operating. Their collateral was valued at more t... Read allDuring the CovId 19 pandemic the major United States airline offered their frequent flyer programs as collateral for loans so they could keep operating. Their collateral was valued at more than the airline themselves suggesting that the business of transporting passengers is a lo... Read allDuring the CovId 19 pandemic the major United States airline offered their frequent flyer programs as collateral for loans so they could keep operating. Their collateral was valued at more than the airline themselves suggesting that the business of transporting passengers is a loss leader.