Indigo is NOT an Airline but a Bank!
Not Joking,
Not just Indigo most Airlines in the world operate as a Bank. Let’s see how?
#indigo #StockMarketindia #investing #Finance #stocks
Not Joking,
Not just Indigo most Airlines in the world operate as a Bank. Let’s see how?
#indigo #StockMarketindia #investing #Finance #stocks
In 2020, A report came which mentioned that American Airlines lost around 5 cents per passenger per mile! And this was even before the Pandemic began.🤯
Even after making a loss per passenger, the company is making millions of dollars in profits! How?
Even after making a loss per passenger, the company is making millions of dollars in profits! How?
Through its Loyalty Programme and Frequent Flyer Programme!
The compny runs loyalty programs in partnership wid Banks, known as co-branded credit card agreements, wherein the user of the cards gets points while mking a purchase wch cn b redeemed while travelling frm the Airline
The compny runs loyalty programs in partnership wid Banks, known as co-branded credit card agreements, wherein the user of the cards gets points while mking a purchase wch cn b redeemed while travelling frm the Airline
These Airlines have profit-sharing agreements wid banks, wherein they sell miles to these banks.
Also, they make huge profits from the points that are not redeemed by users till the expiry
Also, they make huge profits from the points that are not redeemed by users till the expiry
Although this trend is at a nascent stage in India, Indigo generates around 6% of its revenue through these loyalty programmes.
Management of these points and revenue is quite cumbersome for airlines, but der is 1 company that is a go-to place for all Airlines i.e Accelya kale, it provides software solutions to airlines. On Quest, we have a course on the stock analysis of Accelya.
quest.finology.in/courses/profit…
quest.finology.in/courses/profit…
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