The rise and demise of the AAirpass, American Airlines’ $250k lifetime ticket

FrugalFlyerv2.0

Veteran
Oct 29, 2003
2,931
3,341
https://thehustle.co/aairpass-american-airlines-250k-lifetime-ticket/

Three decades ago, 28 lucky bastards managed to snag the greatest travel deal in history, courtesy of American Airlines. It was dubbed the “unlimited AAirpass.

For a one-time fee of $250k ($560k in 2018 dollars), this pass gave a buyer unlimited first-class travel for life. A companion pass could be purchased for an additional $150k, allowing the pass holder to bring along anyone for the ride.

Mark Cuban, an early AAirpasser, tells us it was “one of the best purchases [he’s] ever made.”

But the unlimited AAirpass had a fatal flaw: it was such a good deal that it ended up costing American Airlines millions of dollars per year — and the company set out to revoke the contracts of its top customers by any means necessary.
 
I am always skeptical of business deals involving the phrases "lifetime", "forever", "perpetual", "eternity" or "unlimited"... usually found in health club memberships, video rental stores, and cemeteries. Frankly, I am surprised during its trip through bankruptcy American Airlines did not include its AAirpasser obligations and have them discharged.

Certainly Mark Cuban had a better investment experience with AAirpasser than with Toygaroo.
 
Well at least someone got over on AA they have been getting over on us for about the same amount of time.
 
Back
Top