volume speaks
The partnership with Amazon was well received and the volume speaks to that. Amazon will continue to grow and engage Aeroplan membership. This move goes as much to sentiment as anything else. Being partnered with Amazon will bring additional revenue (replace Esso+Necktar and more imo) and entice new partnerships with Aeroplan. Also, Amex partners with numerous clients so I see little reason for them to not renew, esp with CIBC/TD in place to 2024. Mittleman is beefing up their position and getting ready to shake things up at the AGM end of April.