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More than 10,000 Flights: The Airfare that Almost Bankrupted an Airline
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In 1987, American Airlines offered an unusual product, even in terms of the world of aviation: AAirpass (a lifetime flight ticket), which allowed the holder to fly unlimited first class for a one-time payment. Stephen Rothstein, a businessman from Chicago, purchased the ticket for about $250,000. Two years later, he expanded the deal and also purchased a companion ticket, for an additional $150,000, which allowed him to add a passenger to his fl…
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