American Airlines Eyes Citigroup Over Barclays for Key Credit Card Deal

September 23, 2024: American Airlines is reportedly negotiating to select Citigroup as its preferred partner for a new credit card deal. The airline seeks to replace its existing credit card partnership with Barclays, which has existed for several years.

American Airlines’ decision to switch credit card partners is significant, as credit card revenue can be a substantial source of income for airlines. By partnering with a new issuer, American Airlines can potentially negotiate more favorable terms and increase its revenue from credit card transactions.

Citigroup has emerged as a leading American Airlines credit card deal contender. The bank has a strong track record in the airline credit card market and offers a variety of products and services that could be attractive to American Airlines customers.

If Citigroup wins the deal, it would be a major victory for the bank, which has been seeking to expand its presence in the airline credit card market. The partnership could significantly boost Citigroup’s customer base and revenue.

While negotiations are still ongoing, American Airlines is expected to announce its final decision in the coming weeks. The deal’s outcome will have implications for both American Airlines and Citigroup and the broader airline credit card market.

As of September 23, 2024, American Airlines has not confirmed or denied reports of its negotiations with Citigroup and has declined to comment on the matter.

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