More frequent fliers are ditching airline loyalty programs, citing frustrations with shifting rewards systems that favor high spenders over frequent travelers. Airlines have revamped their programs, emphasizing spending through co-branded credit cards over miles flown. This shift has alienated loyal customers, and many are opting for cheaper. Millennial and Gen Z travelers are less engaged with frequent-flier programs, as the declining value of airline rewards diminishes incentives for loyalty.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02More frequent flyers are ditching airline loyalty programs, citing frustrations with
00:06shifting reward systems that favor high spenders over frequent travelers.
00:11Airlines have revamped their programs,
00:13emphasizing spending through co-branded credit cards over miles flown.
00:18The shift has alienated loyal customers, and many are opting for cheaper options.
00:23Millennial and Gen Z travelers are less engaged with frequent flyer programs
00:27as the declining value of airline rewards diminishes incentives for loyalty.
00:31For all things money, visit Benzinga.com slash GSTV.