Jain: Major airline market caps are lower than standalone loyalty programs
Ankur Jain · How This Founder Wants to Reward You for Paying Rent · Apr 4, 2023 · at 30:05
Ankur Jain, founder and CEO of Bilt Rewards, discusses how pandemic-era debt financings revealed airline loyalty programs to be worth more than their parent airlines.
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“When you combine the card business and the loyalty business with their airline business is worth less because the airline business loses so much money that the overall company Is worth less than the actual loyalty program in bank business.”
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