Originally Posted by
xliioper
Just because AA miles are more valuable doesn't mean their CC game is stronger. DL generated $7.4 Billion from Amex in 2024 vs. $6.1 Billion for AA from Citi. For 3Q 2025, DL reported 12% year-over-year growth from Amex spend while AA reported 9% from Citi. Most people are not as focused on things like CPM value compared to FTers. That said, I'm not convinced AA is in any real danger of going under.
Originally Posted by
lrdpenn
Ah is it time for Kirby's quarterly digs at AA?
I don't think AA will disappear but they are certainly very stuck in a state of mediocrity, the airline version of Target right now, and I wonder if AA can grow in the short to medium term especially with new aircraft coming online.
Considering AA has the best FF program right now, it makes me sad the market doesn't seem to value that as much. Or maybe it values it just enough to keep AA above water in competitive markets.
The miles being stronger is actually a bad thing for the company, as it means they lose more in comparison when we book flights with miles.
11 miles / dollar redeemed at 2CPM = 22% vs Delta's .5CPM = 5.5% of the revenue going to miles value.