Byrne Hobart: Why Airline Loyalty Programs Are Really Just FinTech Companies
Summation with Auren Hoffman
00:00
Why the United States Airlines Are More Valuable Than the Actual Airlines?
The airline industry is notoriously competitive in that thehe costs are mostly fixed. The marginal cost of an empty seat versus af filld it's basically, you buy one more pack of peanuts and you burn a teaspoon extra fuel. In practice, the whole history of the airline industry is this struggle between the fact that at one level, it's a network affet business that has these monopolistic characteristics.
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