Basing it on the cost of tickets vs. miles flown is a way to cater to corporate customers.
FORTUNE -- Delta Air Lines (DAL) is making a radical change in its frequent-flier program designed to win more business from its biggest-spending customers, including corporate travelers. These "elite" fliers account for just 2% of Delta's customers but generate over 20% of the revenues, numbers typical of the industry.
Delta's gambit, announced at midnight, marks MOREShawn Tully, senior editor-at-large - Feb 26, 2014 12:00 AM ET
The panic-driven selloff has led to the buying opportunity of a lifetime.
FORTUNE -- Never underestimate the impulse for Wall Street market strategists and pundits to spin an outbreak of sudden fear into a durable trend, with a sensible-sounding narrative to back it up. So it is today with the sharp selloff in emerging market stocks and bonds. For champions of U.S. equities, indeed, the panic overseas seems a timely gift. MOREShawn Tully, senior editor-at-large - Feb 3, 2014 5:00 AM ET
Why the market jolt last week was the start of a sobering reality check for tech stocks.
FORTUNE -- Market prognosticators have conjured up many a reason for the two-day rout of stocks on Thursday and Friday, which sent the Dow Jones Industrial Average (INDU) plunging 494 points (3%) and the S&P 500 (SPX) down 55 points (3%). Some blamed the slowdown in China's perpetual manufacturing machine; others, the fears of MOREShawn Tully, senior editor-at-large - Jan 27, 2014 5:00 AM ET
Once a year, the CEOs and dealmakers who are members of Kappa Beta Phi gather behind closed doors to roast themselves. Why are they so worried about keeping the details private?
FORTUNE -- On Thursday night, Kappa Beta Phi, a secret society of Wall Street bigwigs, held its 82nd annual gala at the St. Regis Hotel in Manhattan. At these black-tie dinners, around 200 of the biggest names in finance carry MOREShawn Tully, senior editor-at-large - Jan 17, 2014 12:22 PM ET
Already at record levels, corporate profits aren't likely to boost the S&P 500.Shawn Tully, senior editor-at-large - Jan 13, 2014 5:00 AM ET
To avoid getting squeezed by the Affordable Care Act, the Children's Hospital of Philadelphia is marketing itself globally and has begun doubling as a venture capital firm.
FORTUNE -- It's well known that America's hospitals are hurting. And that's before the Affordable Care Act starts clamping tight limits on their fees. But hospitals can still thrive if they can apply classic practices from the private sector—everything from offering high-margin, specialized services MOREShawn Tully, senior editor-at-large - Nov 18, 2013 1:25 PM ET
The New York Times columnist argues that the country's leaders have charted a brave path to prosperity. But the very policies he praises are hobbling the French economy.
FORTUNE -- While living in Paris as Fortune's bureau chief for eight years in the 1980s, I wrote a piece on a prominent CEO (or PDG en Francais) who liked to skewer his nation's philosophy of business. "The British had the industrial revolution," quipped MOREShawn Tully, senior editor-at-large - Nov 12, 2013 12:24 PM ET
How much will Twitter have to make in profits to pay for the $1 billion it left on the table?
FORTUNE -- Twitter's debut as a public company stunningly illustrates that two of the most baffling customs in the investment business are back in full force. Both are hallmarks of frothy markets that typically retreat in tough times. The first is Wall Street's preferred IPO process that enriches the banks and MOREShawn Tully, senior editor-at-large - Nov 8, 2013 12:52 PM ET
Greece's ills and growing imbalances between Northern and Southern Europe prompt Robert Aliber to make a surprising about-face.
FORTUNE -- We're hearing a lot of talk these days about how Europe is staging a modest recovery that's sufficient to save the euro. So I was surprised when one of the top international economists of the past four decades, and a former euro-fan, told me that he's changed his view. "The chances MOREShawn Tully, senior editor-at-large - Nov 4, 2013 5:00 AM ET
What the sizzle at some legendary chophouses says about the New York economy -- and maybe the nation's, too.
FORTUNE -- To gauge the striking revival in the Big Apple's economy, you could pick from a wide variety of statistics or symbols, from the ascending graph of Manhattan coop prices to the throngs of foreign tourists packing the 7 subway line to the U.S. Open. We modestly suggest a more telling MOREShawn Tully, senior editor-at-large - Sep 6, 2013 5:00 AM ET
|AT&T cuts prices again|
|Winners and losers of the bull market|
|The medical marijuana ad that never aired, despite contrary media headlines|
|Can Fox's reboot of 'Cosmos' find an audience?|
|Chrysler Group orders donated Vipers destroyed|