American Airlines is losing money on the part of their business which involves flying people. It turns out that American's passenger operation would look even worse if it hadn't been for an accounting rules change (ASC 606) that the airline had to ...
This email contains references to products from one or more of our advertisers. American Airlines is losing money on the part of their business which involves flying people. It turns out that American's passenger operation would look even worse if it hadn't been for an accounting rules change (ASC 606) that the airline had to adopt effective January 1, 2018. The accounting rules change of course may be the best possible way to reflect the costs associated with issuing miles. It also has the effect of moving a quarter billion dollars of passenger revenue out of past years and into the present, making the present look better than it otherwise would have as a result. Continue reading American Is Losing Money Flying Passengers. Without One Accounting Rule Things Would Look Even Worse... There's a 90 day free trial offer for top tier Spire Elite status. The offer may be targeted at attracting business from specific companies, and IHG doesn't list which companies they're interested in. The offer lets anyone register and confirms registration. Continue reading Free Instant Top Tier Elite Status From IHG Rewards Club... Programs issue too many miles. There aren't enough award seats, especially with planes flying full. They need to either increase the number of award seats or increase the cost of each seat, otherwise you just have frustrated members who can't redeem. At the same time programs don't need to spend as much marketing to fill planes when planes are already full. But that's an argument for reduced earning, not for changing redemption prices. Programs with set award prices (award charts) usually devalue in a predictable way. Continue reading Here’s Why Frequent Flyer Programs Devalue Their Currency... When Marriott acquired Starwood, Marriott Rewards leadership expected to adopt Starwood's SPG IT platform. They weren't happy with what Marriott had and were looking into new solutions. Why not just take Starwood's, after all SPG was viewed as the better loyalty program? Once they got into things they learned the limitations of the Starwood system. The transition from Starwood to Marriott didn't go smoothly however. Continue reading Marriott CEO: Your Frustrations are Just “Noise Around the Edges”... |
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