Comments by "kazedcat" (@kazedcat) on "How Airlines Quietly Became Banks" video.

  1. Jn C Other Airlines want it. It is a profitable business so the banks can sell the mileage program to other airlines who can fulfill the free flights in exchange the airlines gain a very big source of revenue.
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  2. rick rank What is financially valuable and legally valuable are two different things. This fact is enforce by the tax code. You calculate your profits and losses in a different way for your tax liability compared to how GAAP calculate your profits and loses for and earnings report.
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  3. Alex C They get revenue form the credit card company every time the card company hand out points. Just because the airline is bankrupt does not mean the customers stopped using their credit cards. The cost of already paid flights is the cost of acquiring future revenue attach to the miles prigram. Before you can get into a business of selling knifes you need to first spend money buying the forge so that you can make knifes.
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