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American Airlines chooses Citi as sole credit card partner, drops Barclays - TL;DR CNBC

American Airlines chooses Citi as sole credit card partner, drops Barclays

Publishing timestamp: 2024-12-05 13:12:54


Summary

American Airlines drops Barclays as credit card partner, remains with Citi. Co-branded credit card deals bring in billions for airlines. American expects payments to grow 10% with new deal. Delta outearned American in co-branded credit card program. American shares up more than 6% after announcement.


Sentiment: POSITIVE

Tickers: CDALAXPAAL

Keywords: travelbusiness newsbreaking news: businessaerospace and defense industrybreaking news: marketslifeairlinesciti trends inceconomybarclays plcamerican airlines group inccitigroup incmarketsamerican express cobanksbreaking news: economydelta air lines incbusinesstransportationcredit cards

Source: https://www.cnbc.com/2024/12/05/american-inks-new-credit-card-deal-with-citi-dropping-barclays-as-second-partner.html


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