When quoting someone, if you want to skip something that is irrelevant or not needed, you use "..." I have done that above as an example

When you said:

btw, it isn't fraud, because you aren't deceiving anybody (unless their is a rule that the refund must be made to the credit card used for the purchase. If there were such a rule, you may be defrauding the business, but you are certainly not defrauding either credit card company or the airline.... at least not directly.

psyflyer was (I assume - please correct me if I am wrong) basically summarizing your quote - "you are not defrauding either the credit card company or the airline... at least not directly. "

Cheers