In 2020, your frequent flyer miles were worth almost twice the airline that gave them to you.
Full documentary:
In 2025, American Express paid Delta $8.2 billion — more than Delta’s $5.8 billion operating income. American took $6.2 billion from its card partners. In 2020, United’s miles were valued at almost twice the whole airline. This is how airline miles, credit cards and AI pricing really make airlines money.
Sources
• View from the Wing, June 2020:
• United Airlines 8-K, June 2020:
• Executive Traveller, June 17, 2020:
• Delta Air Lines, September 2020:
• ch-aviation, citing Bloomberg:
Stock footage: Pixabay (adria_moreno, Life-Of-Vids, doktorkleinmusic, Prettysleepy, FlorenceCdeM, MrWashingt0n, Natures_Embrace, phgvu307, Trek_Jason, Matias_Luge, missdeena, mariohagen) · Wikimedia Commons (4300streetcar, CC BY 4.0, Matthew Groh, CC BY-SA 4.0, ChromeGames, CC BY-SA 4.0, Adam Moreira (AEMoreira042281), CC BY-SA 4.0, AVA Navigate, CC BY-SA 4.0, Delta News Hub, CC BY 2.0, Leonhard Lenz)
Narration in this video uses a synthetic (AI-generated) voice. Figures are taken from the cited filings and reports. Airline photos: Wikimedia Commons (credited in the description). This video is for educational purposes only and is not financial advice.
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