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How Much Can They Get For Priority Boarding?
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United Airlines is getting a huge mortgage on its frequent flyer program to raise $5 billion in cash to get through the pandemic, and I think I speak for everyone when I say... you can do that? You can mortgage a frequent flyer program? Apparently, yes, you can. The Mileage Plus program is valued at $20 billion as a stand-alone business. How it's valued separate from the airline, I don't really get; the whole thing is tied to miles to get free air travel, and, yes, I understand that they have partners like Chase for credit cards and hotel chains and the like, but, still, it's weird. (CNBC)
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