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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| American Express Company | NYSE:AXP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.57 | 0.25% | 232.03 | 233.95 | 230.911 | 233.30 | 2,702,533 | 01:00:00 |
From May 2019 to May 2024
By Anthony O. Goriainoff
International Consolidated Airlines Group S.A. said Friday that it has signed a multi-year renewal with American Express which will extend their commercial partnership.
The airline group--which houses British Airways, Iberia, and Vueling among others--said that under the agreement American Express will pay IAG Loyalty around 750 million pounds ($955.6 million), and that a significant part of this is a pre-purchase of Avios points. American Express will use these in the U.K. and worldwide for its British Airways co-branded cards and membership rewards program, the company said.
IAG Loyalty is a subsidiary of IAG which offers a range of services to the group's airlines and business-to-business clients.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
July 24, 2020 02:30 ET (06:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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