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: C,  DAL,  AXP,  AAL, 

Keywords: travel,  business news,  breaking news: business,  aerospace and defense industry,  breaking news: markets,  life,  airlines,  citi trends inc,  economy,  barclays plc,  american airlines group inc,  citigroup inc,  markets,  american express co,  banks,  breaking news: economy,  delta air lines inc,  business,  transportation,  credit cards, 

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