CNBC Pro

Airlines' frequent flyer programs prove a lifeline even as travelers stay home in pandemic

Key Points
  • Passenger revenue has plunged at airlines, making their loyalty programs more important than ever.
  • American and United are using these programs as loan collateral.
  • Airlines and credit card companies have added new ways to earn and redeem miles that aren't related to travel, like streaming services and groceries.

More In Stock Deep Dive

CNBC ProSummer travel is booming. Airline investors are about to hear what happens next
CNBC ProHere are the cloud stocks that do the best job of expanding business with existing clients
CNBC ProUnited is chasing premium travelers with a massive aircraft order. What investors need to know