City Guide Novosibirsk updated, 75,000 American Express Upgrade offer, do airlines make more money selling miles than flying?
– I have updated my city guide to Things to Do in Novosibirsk after my second visit to this Siberian city
– American Express has an upgrade offer from an existing Business card to the new American Express Platinum (75,000)
You need to be targeted for it – there is no harm trying if you are clicking through the link. The upgrade needs no credit check!
– are airlines making more money selling miles than flying? That’s what this article assumes.
The article overstates how much banks are paying for miles. But we also learned form the Southwest investor call that the airlines make good money from referrals to credit card approvals.
This whole ‘game’ works because airlines are able to ‘buy’ award tickets from other airlines at 90% off or use seats from their own inventory that would go unsold. Now if one could get the same ‘sweetheart’ 90% off deal and just sell miles – you don’t need to go through the hassle of running an airline anymore.