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-9.01705124404138E-06 -9.01705124404138E-06 -9.01705124404138E-06 -9.01705124404138E-06 -0.00101892679056098 -0.00587010035978044 -0.0144272819902436 -0.0144362990414876
Stock impact report

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal [CNBC]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: CNBC
to the airline's 2013 takeover of US Airways, according to people with knowledge of the negotiations. American has been working with banks and card networks on a new long-term deal for months, hoping to consolidate its business with a single player to boost the revenue haul from its cards, said the people. Airlines make billions from their loyalty programs and co-brand credit card deals. American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline's 2013 takeover of US Airways, said people with knowledge of the negotiations. American has been working with banks and card networks on a new long-term deal for months with the aim of consolidating its business with a single issuer to boost the revenue haul from its loyalty program, according to the people. Talks are ongoing, and the timing of an agreement, which would be subject to regulatory approval, is unknown, said the peopl Show less Read more
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