Citigroup (C) will become the exclusive issuer of the AAdvantage co-branded card portfolio in the US in 2026 under a new agreement with American Airlines Group (AAL), the companies said Thursday.
The companies said Citi agreed to acquire the Barclays (BCS) American Airlines co-branded card portfolio and will start transferring cardmembers to its portfolio in 2026.
Citi and American Airlines also said their more than 37-year co-branded partnership will be extended for the next decade.
Shares of American Airlines rose more than 7% in premarket activity Thursday, while Citigroup declined slightly.
Price: 16.00, Change: +1.12, Percent Change: +7.59
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。