Sky Money
United Weighs MileagePlus Stake Sale
- After its successful securitization of MileagePlus in 2020, United Airlines is evaluating potentially selling a minority stake in the loyalty program, reported Bloomberg. The possible deal, which the carrier declined to comment on, would likely involve no more than 15 percent of MileagePlus, which was valued at roughly $22 billion two years ago.
- Frontier Airlines repaid in full the $150 million, plus interest and fees, that it borrowed from the U.S. Treasury under the CARES Act relief measure in September 2020. The funds were from a $25 billion pot set up to help airlines stabilize their finances during the early days of the coronavirus pandemic, and separate from the $54 billion in payroll support the airline industry received.