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Silhouettes of passengers waiting at an airport
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A new pass to access American Airlines’ loyalty program will set you back $5,000

AA is doubling down on perks and partnerships, as the nonflying parts of the operation have become a billion-dollar business.

Tom Jones

If you’ve ever sat around at the departure gate waiting to get onto an American Airlines flight, eyeing priority boarding members with envy, we’ve got some news: you can now gain access to the carrier’s AAdvantage loyalty program at entry level… for a cool $5,000.

According to Travel Weekly, cash-flush fliers can skip the usual process required to obtain AAdvantage Gold status — notching 40,000 or more loyalty points by clocking air miles, using AA co-branded credit cards, or spending via their various partnership schemes — by paying the fee up front to enjoy perks such as “priority check-in and boarding, a free checked bag, complimentary preferred seat selections, upgrades when available within 24 hours of departure, and 40% accrual bonuses for miles and loyalty points.”

Loyalty bonus

Even before this new pay-to-play scheme, the airline’s loyalty program and its other activities that aren’t directly flying people or things around the world have become a billion-dollar part of its operations each quarter.

American Airlines’ other revenue chart
Sherwood News

Last year, American Airlines’ “Other” revenue accounted for some 7% of the company’s overall annual sales, or about $3.83 billion. For the first three quarters of 2025, the division, which is predominantly made up of marketing revenue from its loyalty program — or the money that American makes from selling mileage credits to co-branded credit card merchants and other AAdvantage partners — has consistently pulled in revenues that hover around or above the $1 billion mark.

Of course, that’s just the direct, measurable impact of the program. What’s not captured is the intangible value, that which makes someone choose American over another airline just because they have some status or points with the carrier already.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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