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Explore Airlines Make Just $7.90 per Passenger.Miles Make The Rest. with 86 views, 3 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

In 2025, American Express paid Delta Air Lines $8.2 billion. That's more than Delta's entire net profit for the year. Not for flights. For miles. Flying is one of the worst businesses on Earth: the whole airline industry keeps about 7.90 dollars per passenger. So how did frequent flyer miles become the most valuable thing an airline owns? From the 1981 AAdvantage launch, to credit card deals, to the 2020 loans backed by miles, this is how airlines really make money. Chapters 0:00 Airlines Make $7.90 Per Passenger 0:52 The Worst Business in the World 1:48 The Idea From 1981 2:45 Printing Money 3:32 Enter the Banks 4:45 The Pandemic Proof 5:42 The Quiet Devaluation 6:37 Why Your Ticket Is Cheap 7:27 The Lesson Sources: IATA (Dec 2025), Delta FY2025 results, American Express, DWU Consulting, View from the Wing. Next: Starbucks is secretly a bank. #Airlines #BusinessExplained #HiddenEconomics

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