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Thread: AAdvantage program changes rumored Oct 2021
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Old Sep 30, 2021 | 7:43 pm
  #88  
olouie
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Originally Posted by js1993
I don’t understand how AA could take out a $10 billion (?) loan against the value of AAdvantage and then almost immediately devalue AAdvantage, but I guess that’s why I’m not a big-time Wall Street or airline executive.
Makes sense, devaluation raise the value of the program itself - it’s cost cutting. Classic bean counter 101.
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