Podcasters at The Thrifty Traveler are sounding the alarm on widespread devaluations, calling it "D-Day in Hyatt World" and describing Emirates and Etihad as "circling the drain" in a race to see who gets flushed first.
The tape The Thrifty Traveler Podcast · Oct 1
“They took what Emirates has done, and then they also layered in the fact that if you want to cancel an award ticket, you might forfeit all of your miles. Yeah. It's pretty gross. So, yeah, they're in a... They're both circling the drain together racing to see who gets flushed first.”
25:49 / --:--
Airlines Confidential · 356 - Guest Co-Host Oscar Munoz. Guest: Ben Minicucci, CEO, Alaska AirlinesSep 30
Former United CEO Oscar Munoz points to a staggering divergence in airline fortunes, with American's market cap at a mere $9 billion compared to Delta's $55 billion. The profit margin tells part of the story: "less than 1%."
Airlines Confidential · 356 - Guest Co-Host Oscar Munoz. Guest: Ben Minicucci, CEO, Alaska AirlinesSep 30