American Airlines planes sit parked at LaGuardia airport on historically the busiest journey day, the day earlier than the U.S. vacation of Thanksgiving, within the Queens borough of New York City, U.S., November 27, 2024.
Shannon Stapleton | Reuters
American Airlines has inked a long-awaited bank card cope with Citigroup, dropping its different companion, Barclays.
The airline mentioned Thursday that it expects funds it receives from its co-branded bank card and different companions to develop 10% a yr. In the 12 months by means of Sept. 30, American introduced in $5.6 billion from these offers.
CNBC reported in September that the airline was in talks to select Citi as its unique bank card companion.
American shares have been up greater than 6% in premarket buying and selling after unveiling the brand new Citi deal and elevating its income forecast for the fourth quarter.
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