Jetblueguy22 From Australia, joined Nov 2007, 1044 posts, RR: 1 Posted (1 year 1 week 3 days 23 hours ago) and read 284 times:
Did they ever find any interest in selling Eagle and either spinning off the mileage program or selling it? Or was this just a thing to calm investors?
Thanks!
Blue
ElmoTheHobo From United States, joined Aug 2006, 1140 posts, RR: 1 Reply 1, posted (1 year 1 week 3 days 23 hours ago) and read 254 times:
AMR is going to hold on to AAdvantage, and with FL Group off their back, it will be there to stay. AAdvantage is a profit center for the company. Eagle's sale was suspended because the high price of oil make the company completely unattractive.
They'll look at selling Eagle when the market conditions improve. However, if the new contract with the pilots allows for (more) 70+ seaters, AMR may be more interested in holding on to MQ/OW.
Commavia From United States, joined Apr 2005, 6762 posts, RR: 59 Reply 2, posted (1 year 1 week 3 days 23 hours ago) and read 241 times:
Elmo said it - AAdvantage isn't going anywhere, and neither is Eagle: one by choice, the other by necessity.
AMR was never very excited about getting rid of AAdvantage which is, as Elmo says, very profitable. In addition, AMR - which created AAdvantage in 1981 as the world's first modern frequent flyer program - recognizes very fully the immense power that AAdvantage gives them to manage their relationship with top customers. That is an exceedingly powerful thing to give to an external third party.
As for Eagle - AMR would have loved to have sold that red-headed step child a year ago, but again, nobody will buy that mess (and I don't blame them).
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