Aeroplan is the points plan formerly owned by Air Canada. It is now its own company, operating in Canada with American Express, CIBC bank, Air Canada, and others. Aeroplan makes money by selling points to these corporations, who then hope to attract more customers by handing out points. The traditional thinking is that as times get tough, customers turn more to using up points -- a recession-proof business. Instead, Aeroplan says, customers now would rather buy airfares, which have become cheaper again. (Airfares peaked in September of last year.) People commenting on the story, however, have other explanations:\ * Flights... Read more →
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