News and notes from around the interweb:
- Nomadic Matt is giving one person $18,250 so enter! Since his book is How to Travel the World on $50 a Day the idea is $18,250 would cover a year of travel. And the third edition of his book is out…
- A thumb drive with London Heathrow security files was found on the street. Sounds about right. (HT: Jonathan W.)
- Just as American Airlines CEO Doug Parker declares his airline will never lose money again Wall Street analysts are beginning to feel that the fat years for airlines are coming to an end because of rising costs and falling fares. (While the piece notes mergers didn’t help airlines control costs, they did spread traffic across fewer carriers, load factors are way up.)
- Amtrak has apologized
— Melissa (@feytwee) October 27, 2017
- Use Apple Pay or Android Pay in lieu of chip and PIN
- National Car Rental is offering elite status matches and they are matching airline, hotel, and even online travel agency status. (HT: Loyalty Lobby)
- Financial Times: New American Express chief prepares for battle in rewards war really the claim is just that the premium credit card market has become super-competitive. Arguing that other products may be more rewarding than American Express’ is also saying those products may ultimately be unprofitable.
It’s the same issue Amex faced when trying to renew their Costco deal – keep the business and lose money, or let the business go and lose market share. They may have made the best choice under the circumstances, but in so doing revealed weakness in the business.
- The supply of labor into Uber is highly elastic (.pdf) Tyler Cowen adds “If true, that means trying to raise the wages for Uber drivers won’t work.”