This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Earlier today, all-business-class carrier La Compagnie and French low-cost and all-economy-class carrier XL Airways announced they’re merging for an undisclosed amount. According to a report by Business Insider, the newly-merged carrier will be led by XL Airways’ CEO Laurent Magnin — the founder of La Compagnie, Frantz Yvelin, has resigned and will no longer be affiliated with the airline.

The combined carrier will specialize in low-cost, international and long-haul service, and will employ about 800 people. The XL Airways-La Compagnie Group is expecting about $425 million in annual revenue, but it’s still not clear exactly how it will operate since the two have very different products and business models.

xl-airways

La Compagnie currently has two Boeing 757s in its fleet, whereas XL Airways has five A330s and one 737. Over the past few months, we’ve speculated on the financial future of La Compagnie, as the all-business-class model hasn’t worked in the past and the carrier appeared to be losing profits. We also covered when the carrier ended its London route in September of this year.

It appears the new merger will help bring some stability to both brands. Only time will tell how the new move plays out and if the aircraft will feature all-business-class or all-economy-class cabins or some combination of the two. However, if the group decides to go with the latter option, that’ll be taking away the feature that made La Compagnie unique in the first place.

H/T: One Mile at a Time

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.