Re:The Smartest Guys in the Room Eerily Describes Tesla
by wjnc on Friday May 24, 2019 @12:40PM
(#20003242)
I like to remind myself how many firms are financial engineering firms first and customer facing firms second. Banks, insurers, (at one time) Porsche, Tesla (imho for this one).
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Re:The Smartest Guys in the Room Eerily Describes Tesla
by cosmie on Friday May 24, 2019 @03:51PM
(#20004748)
You can add airlines to that list. Here's[1] an article that goes into it a bit. American Airlines actually loses money on their whole "flying people around" business. All of their profit last year was derived via selling points/miles for their frequent flyer program. And it's not limited just to American - I'm not sure about foreign carriers, but it's really common for US legacy carriers to derive substantially all of their profit from marketing revenue related to their loyalty program.
[1] https://viewfromthewing.boardingarea.com/2019/01/24/earnings...