Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Visa Inc. (V) - free report >>
Delta Air Lines, Inc. (DAL) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Visa Inc. (V) - free report >>
Delta Air Lines, Inc. (DAL) - free report >>
Image: Bigstock
United Airlines Extends Association With Chase and Visa
In a customer-friendly move, United Airlines, the wholly-owned subsidiary of United Airlines Holdings (UAL - Free Report) , inked a deal with two major credit card companies, namely Chase Credit Card Services and Visa (V - Free Report) . This new agreement, valid through 2029, signals the continuation of the long-standing partnership (more than three decades) between the three involved parties.
Management stated that the new pact via which the carrier’s MileagePlus credit card program is extended, will provide it with an additional $400 million in the ongoing year. However, other financial aspects of the deal have been kept under wraps.
By stretching its association with the two visa companies, United Airlines not only took a step toward enhancing its cardholders’ travel experience but also offered them more opportunities to earn and redeem miles.
Moreover, the carrier is making constant efforts to make its MileagePlus scheme the most sought-after loyalty program for its members. For instance, last year, the airline announced that MileagePlus miles never expire. Additionally, in July 2019, it declared its partnership with CLEAR, a secure identity company that uses biometrics for building a frictionless and secure world to ease the travel experience for members of the credit card program.
Notably, co-branded card alliances are quite common in the airline space and contribute handsomely to an airline’s top line. For instance, Delta Air Lines (DAL - Free Report) anticipates its deal with American Express (AXP - Free Report) to contribute approximately $7 billion to its top line (on an annual basis) by 2023.
Zacks Rank
United Airlines carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>