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What would airlines do without their loyalty programmes! - Loyalty Magazine
https://www.loyaltymagazine.com/what-would-airlines-do-without-their-loyalty-programmes/
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American is selling $7.5 billion of bonds and leveraged loans backstopped by its Advantage frequent-flyer program. This will enable it to capitalise on low borrowing costs to repay US government loans that have helped it navigate the pandemic.
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