International Airlines Group (IAG) announces that it has signed a multi-year renewal extending its worldwide commercial partnership with American Express.
Under the agreements American Express will make a payment to IAG Loyalty of approximately GBP750 million, a significant part of which is a pre-purchase of Avios points that American Express will utilise in the UK and world-wide for its British Airways co-branded cards and Membership Rewards Programme.
IAG Loyalty is a subsidiary of International Airlines Group that offers a wide range of services to IAG airlines and business-to-business clients. These include the Avios reward currency for the British Airways Executive Club, Iberia Plus, Aer Club and Vueling Club customer programmes and loyalty management tools.
Chief Financial Officer
24 July 2020
This announcement contains inside information and is disclosed in accordance with the Company's obligations under the Market Abuse Regulation (EU) No 596/2014.
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