American Airlines Group Inc.
American Airlines Announces Extended Partnership with Citi for Co-branded Credit Card Program
Summary
On December 5, 2024, American Airlines, Inc. and Citigroup Inc. announced via a joint press release that Citibank, N.A. will become the exclusive issuer of the AAdvantage co-branded credit card portfolio in the United States, starting in January 2026. American Airlines expects cash remuneration from its co-branded credit card and other partners to grow by approximately 10% annually. Additionally, American Airlines Group Inc. provided updated financial and operational guidance for the fourth quarter of 2024, expecting adjusted earnings per diluted share to be between $0.55 and $0.75.
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About American Airlines Group Inc.
American Airlines Group Inc., a major airline holding company, operates one of the most extensive networks in the aviation industry. Known for offering domestic and international services, it connects passengers with destinations across the globe. American Airlines plays a crucial role in the travel and tourism sector, influencing hospitality, transportation, and associated industries by facilitating business and leisure travel. Its fleet comprises a variety of aircraft designed for different route lengths and capacities, ensuring operational efficiency and passenger comfort. As an industry leader, American Airlines Group is pivotal in shaping airline standards related to safety, customer service, and environmental responsibility. Additionally, it impacts employment and economic activity in regions served by its flights, making it an essential component of the global transport infrastructure.
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