Citi® and American Airlines to Deepen Credit Card Partnership
Citi to exclusively issue new credit cards for new American Airlines AAdvantage frequent flyer program following the integration of US Airways Dividend Miles and American Airlines AAdvantage programs, expected to occur in 2015
NEW YORK & FORT WORTH, Texas--(BUSINESS WIRE)--Citi® and American Airlines today announced that following the integration of the American Airlines AAdvantage® and US Airways Dividend Miles® frequent flyer loyalty programs, Citi will exclusively issue new credit card accounts in support of the combined American Airlines AAdvantage frequent flyer program. The combination of the two frequent flyer programs is expected to occur in 2015.
“Citi’s long-term collaboration with American has created some of our most successful products, substantial business and loyalty”
Long-standing partners since 1987, Citi and American have together provided Citi® / AAdvantage® credit cardmembers with valuable travel benefits, access and memorable experiences. Through this exclusive agreement, Citi and American have significant opportunity to grow their credit card portfolio and deliver enhanced value to Citi / AAdvantage cardmembers.
“American Airlines is celebrating a number of key milestones as we work through our merger integration and look towards building the leading global carrier,” said Suzanne Rubin, President - AAdvantage Loyalty Program for American Airlines. “Citi has been a valued partner for more than two decades. As we work to integrate the two frequent flyer programs, we are eager to introduce new opportunities for Citi / AAdvantage customers across the expanded network.”
American has previously announced plans to combine the US Airways Dividend Miles and American Airlines AAdvantage programs to create the world’s premier airline loyalty program. The combination of US Airways and American Airlines will serve nearly 100 million loyalty members, 6,700 daily flights and 339 locations in 54 countries worldwide. Current Citi / AAdvantage credit cardmembers continue to enjoy all their card benefits throughout the travel experience. Effective this month, Citi / AAdvantage Platinum and Executive cardmembers will begin to enjoy select benefits on US Airways codeshare flights booked on AA.com. For example, Citi / AAdvantage Platinum Select cardmembers can earn double miles on eligible American Airlines purchases, flight discounts and 10 percent miles back on AAdvantage miles redeemed for US Airways codeshare flights booked on AA.com.
“Citi’s long-term collaboration with American has created some of our most successful products, substantial business and loyalty,” said Ralph Andretta, Head of Product Management, Citi Cards. “This is a terrific time of opportunity for both Citi and American, and we are excited to extend our relationship and offer our shared customers more opportunities to earn and redeem AAdvantage miles around the world.”
In December, Citi and American Airlines announced that beginning in March 2014, the Citi Executive / AAdvantage World Elite MasterCard® will be the only U.S. credit card offering full membership benefits at the American Airlines Admirals Club airport lounges. Citi Executive / AAdvantage cardmembers enjoy membership privileges to nearly 40 Admirals Club locations in major airports worldwide, and now they will also be able to access all 19 US Airways Club locations, 10 of which are located in airports where there are no Admirals Club lounges today.
More information on Citi / AAdvantage credit cards can be found on www.citicards.com. For the most updated information on the American Airlines and US Airways integration process, please visit www.aa.com/arriving or www.usairways.com/arriving.
About American Airlines Group
American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. The American Airlines AAdvantage and US Airways Dividend Miles programs allow members to earn and redeem miles for travel and everyday purchases as well as flight upgrades, vacation packages, car rentals, hotel stays and other retail products. American is a founding member of the oneworld® alliance, whose members and members-elect serve 981 destinations with 14,244 daily flights to 151 countries. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines, and follow US Airways on Twitter @USAirways and at Facebook.com/USAirways.
Citi (NYSE: C), the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Cautionary Statement by American Regarding Forward-Looking Statements and Information
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as that the exclusive agreement provides American significant opportunity to grow its credit card portfolio, the expected benefits to be derived from the exclusive agreement, and the timing of the integration of the programs. These forward-looking statements are based on American’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results to differ materially from the information in the forward-looking statements. A variety of factors, including but not limited to the completion of the integration of the US Airways Dividend Miles® and American Airlines AAdvantage® frequent flier programs, could cause actual results to differ materially from those described in the forward-looking statements. More information about these factors and other factors that may affect American’s future results generally is contained in the filings of American with the SEC, especially in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of its annual report on Form 10-K and quarterly reports on Form 10-Q, current reports on Form 8-K and other SEC filings. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements. American does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements except as required by law
Cautionary Statement by Citi Regarding Forward-Looking Statements and Information
Certain statements in this release, such as that the exclusive agreement provides Citi significant opportunity to grow its credit card portfolio, are ‘forward-looking statements’ within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors, including but not limited to the precautionary statements included in this document as well as the following factors: completion of the integration of the USAirways Dividend Miles and AAdvantage frequent flyer programs. More information about these factors and other factors that may affect Citigroup's future results is contained in Citigroup's filings with the U.S. Securities and Exchange Commission, including without limitation the “Risk Factors” section of Citigroup’s 2012 Annual Report on Form 10-K. Precautionary statements included in such filings should be read in conjunction with this document. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citigroup does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.