Airport lounges are booming, and everyone wants in
Publishing timestamp: 2023-10-21 08:00:01
Summary
The article discusses the growing popularity of airport lounges among travelers and the challenges faced by airlines and credit card companies in maintaining exclusivity while accommodating the increasing number of passengers. It mentions how Delta Air Lines had to make changes to its lounge access policies due to overcrowding and customer complaints. The article also mentions that airlines and credit card companies are expanding and dividing their lounges into different tiers to meet the high demand. Additionally, it highlights the efforts of credit card issuers like JPMorgan Chase, Capital One, and American Express in opening their own lounges to attract high-spending customers.
Sentiment: MIXED
Tickers: COF, AXP, AAL, JPM, DAL, UAL,
Keywords: delta air lines inc, capital one financial corp, airlines, economy, american airlines group inc, breaking news: economy, breaking news: business, business news, business, breaking news: markets, life, united airlines holdings inc, aerospace and defense industry, jpmorgan drn, transportation, travel, markets, american express co,
Source: https://www.cnbc.com/2023/10/21/airport-lounges-are-booming-and-everyone-wants-in.html