US EditionAirlines, Planemakers Oppose Credit Card Fee Crackdown that Could Imperil Free Flight Offers
7 Articles
7 Articles
Airlines and planemakers warn that credit card legislation could end frequent-flier rewards
Unions for pilots and flight attendants have also signed Monday's letter.Megan Varner/REUTERSSeveral airlines and planemakers have written to senators opposing credit-card legislation.They say a proposed amendment could mean they stop offering rewards credit cards.And the subsequent lost revenue would mean "a contraction in airline activity and jobs."Airlines, labor unions, and manufacturers have written to senators warning that a bill about cre…
Times Live
Business TimesUS airlines oppose credit card fee crackdown they say could imperil free flight offers
Major airlines said on Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying it could force them to stop offering rewards credit cards that give consumers frequent flyer miles for making transactions.
Large airlines are resisting new legislative proposals designed to reduce credit card charges, fearing their lucrative premium programs.
Airlines have spoken out against the proposed reduction in fees charged for Visa or Mastercard credit card transactions in the US, warning that it would lead to the abolition of the programs... US: Airlines say "No" to fee reductions for card transactions - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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