Barclays has headscratcher after loss of American Airlines contract, says US bank
Portfolio Pulse from
Barclays has lost its decade-long partnership with American Airlines for co-branded credit cards, which has now been taken over by Citi through a new ten-year agreement.
December 06, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays has lost its partnership with American Airlines for co-branded credit cards, which is a significant setback for its US credit card business.
The loss of the American Airlines partnership is a significant blow to Barclays' US credit card operations, likely affecting its market share and revenue in this segment. This news is expected to negatively impact Barclays' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80