Finance / Misc / EP01
Airlines Business
I'm just a humble shareholder of a $10B airline. But the recent earnings…
W-what?! Chairman! We're losing money flying passengers!
Relax. We're doing great.
But chairman! Every single flight is bleeding money! We're going bankrupt!
I don't think you understand
I'm not in the business of moving people.
I'm in the business of printing miles.
I create these from nothing and sell them to banks for cold, hard cash.
But… the planes? The fuel? The 200,000 employees?
Marketing expenses.
Beautiful, tax-deductible props to keep the miles addictive.
Why don't you check your own credit card history?
I paid for my own 'free' ticket… twelve times?
Fufufu. Exactly. You are not a passenger, darling.
You are a walking subscription that pays for itself.
And you are renewing every month.
So… the stock price is going up... even if we lose money flying?
The more we lose on seats, the more miles we print.
The more miles we print, the richer we get.
I don't run an airline...
I run a bank that happens to own some planes.
