>> Sooner or later some airlines will spin out their rewards business into a sep... | Hacker News

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		NikolaNovak on Sept 21, 2023 \| parent \| context \| favorite \| on: Airlines make more money from mileage programs tha... >> Sooner or later some airlines will spin out their rewards business into a separate company to get the maximum valuation from it. Air Canada spun out aeroplan, and then years later re-acquired it.

TeMPOraL on Sept 21, 2023 [–]

That's the nature of financialized business, isn't it? Since they're only gaming the numbers, there isn't anything of substance happening when they spin out rewards this year, and reacquire it the next.

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