FlyerTalk Forums - View Single Post - why don't airlines stop their mileage programs?
Old Jul 12, 2008 | 8:37 am
  #74  
nsx
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Originally Posted by GUWonder
When an airline has the legal ability to sell funny money in exchange for lots of real money by operating a Ponzi-type scheme where the airline pays out to its participants only when and how the airline wishes to pay out, an airline giving such a game up is not such an easy thing for the airline to do
That's been true up to now, but even Ponzi schemes eventually show negative cash flow. At that point their originators shut them down one way or another. Are we there yet?
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