article thumbnail

The innovative ways that Airlines make money with frequent flyer points

Idea to Value

Airline loyalty programmes are fascinating. Not just because we happen to have enough frequent flyer points with one airline to fly around the world, but instead because of how they completely changed the business model of airlines. Even though the Airlines own the frequent flyer programmes.

Video 257
article thumbnail

Why Innovation Is Booming and Always Has Amid Crises

Stephen Shapiro

In the mid-1970s, Citibank was the second largest bank. Banks weren’t open. This is more than those of American Airlines, United Airlines, Delta, and JetBlue combined (approximately $4 billion , $7 billion , $12 billion , and $2 billion , respectively – at the time of writing). ” Where did people turn?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Dangers of Legacy Thinking

Daniel Burrus

For example, Delta Airlines’ entire fleet in the United States was temporarily grounded because of computer problems—the second shutdown over a period of six months also shutting down the carrier’s website and mobile apps. Just as old software shut down an entire airline, legacy thinking can cripple your organization.

Agile 63
article thumbnail

Personalization: Where Are You?

Linda Bernardi

This includes major and other credit cards, airlines, hotels, etc. Ask yourself: Why does my bank, credit company, airline, and hotel not personalize and completely customize services just for me? Under a poorly defined excuse of privacy, none of my credit card companies offer me any meaningful personalized services.

Data 26
article thumbnail

The Risks of Sticking with Legacy Technology

Daniel Burrus

In late 2016, British bank Tesco shut down online banking in early November after 40,000 accounts were compromised, half by hackers for fraudulent purposes. In July 2016, Southwest Airlines canceled 2,300 flights when a router failed, delaying hundreds of thousands of passengers. patient records with 503 incidents.

article thumbnail

Why Companies May Benefit from More Transparency about Product Drawbacks

Michael Roberto

The scholars worked with Commonwealth Bank, a large Australian financial services company, to conduct a randomized field experiment. Think about Southwest Airlines. The scholars tracked customer behavior at Commonwealth Bank for the next year. The company makes the trade-offs quite clear to consumers.

Company 22
article thumbnail

Robotic Process Automation: what changes with the automation process

mjvinnovation

Walmart, Deutsche Bank, AT&T, Walgreens and American Express Global Business Travel are among the many companies that already have Robotic Process Automation strategies. American Express Global Business Travel uses RPA to automate the process of canceling an airline ticket and issuing refunds. Seek expert help.

Change 52