American Airlines Partners Exclusively With Citi in $10 Billion Credit Card Deal

The 10-year agreement makes Citi the sole issuer of American Airlines' co-branded credit cards in the U.S. starting in 2026, boosting revenue projections and loyalty offerings.

• American Airlines has ended its decade-long partnership with Barclays, selecting Citi as its exclusive co-branded credit card partner in the U.S. for the next 10 years.
• The airline expects annual cash payments from the deal to grow by 10%, reaching nearly $10 billion per year, compared to $5.6 billion in the past year.
• The agreement will transition Barclays cardholders to Citi in 2026, expanding Citi’s customer base and loyalty program offerings.
• American Airlines raised its fourth-quarter revenue guidance, now projecting adjusted earnings per share of $0.55 to $0.75, up from its earlier estimate of $0.25 to $0.50.
• Shares of American Airlines surged 15% following the announcement, marking their highest levels since mid-2023, while Citi and Barclays stocks also saw modest gains.

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