From CNBC: 2024-12-05 08:25:55

American Airlines has signed a credit card deal with Citigroup, dropping Barclays. The airline expects payments from its co-branded credit card and other partners to grow 10% annually. In the past year, American made $5.6 billion from these deals. Shares rose over 6% in premarket trading after announcing the new partnership.

In a move long-awaited, American Airlines has chosen Citigroup as its exclusive credit card partner, dropping Barclays. The airline expects payments from co-branded credit cards to increase by 10% per year. American made $5.6 billion from these deals in the 12 months through Sept. 30. Shares surged over 6% in premarket trading after the announcement.



Read more at CNBC: American Airlines chooses Citi as sole credit card partner, drops Barclays