Some interesting AAdvantage loyalty program statistics

[Mattg]

As per LoyaltyLobby, American Airlines has used its AAdvantage frequent flyer program as collateral for a $7.5bn loan.

At the same time, it released some interesting data via an investor presentation which LoyaltyLobby picked up on.

A few stats include:

• Of the 115m+ AAdvantage members, 23m were active in 2019 (80% of members are not active)
• Cash flow decreased by 38% from 2019 to 2020, and AA sold 78% fewer miles in the fourth quarter of 2020
• American Airlines now has $46 billion of debt
• In 2019, AAdvantage collected $5.9bn in revenue from issuing miles, and spent $2.6bn providing award tickets/redemptions (that's quite a healthy margin!)
• Only 3% of AAdvantage miles are redeemed for something other than air travel

American Airlines Mortgages AAdvantage Program To The Tune Of $7.5B

American Airlines incorporates AAdvantage in the Cayman Islands and mortgages it to the tune of $7.5B.

loyaltylobby.com

 

[andye]

Presumably Americans already have enough toasters. My impression is that they are more likely to redeem for domestic Y than us. Maybe driven by the lower taxes on redemptions

 

[Must...Fly!]

Presumably Americans already have enough toasters. My impression is that they are more likely to redeem for domestic Y than us. Maybe driven by the lower taxes on redemptions

And far less likely to fly long haul international than Australians are.