What’s the greatest single thing you could ever own? Normally I would say it’s either a shark tank in your basement or a professional sports team, but that would be wrong. The best thing you could ever own is clearly the AAirpass, the legendary golden ticket issued by American Airlines that gives its holder lifetime free airfare anywhere in the world.
As the L.A. Times reported over the weekend, American Airlines created its amazing open-ended lifetime ticket back in 1981 as a way to raise capital amid high Reagan-era interest rates, but now AAirpass is losing millions of dollars a year and the airline is trying to boot some of the program’s most frequent fliers. Continue reading