Ethereum-based decentralized travel marketplace Winding Tree has announced a new collaboration with American Airlines that will allow select travelers to receive tailored booking options, opening up a potential new use case for blockchain technology.\u00a0<\/p>\n
Through the collaboration, American\u2019s largest corporate travel buyers will have access to Winding Tree\u2019s marketplace to book travel directly and receive \u201cuniquely tailored and cost-efficient travel options,\u201d the companies announced. Neil Geurin, who serves as American Airlines\u2019 managing director of digital and distribution, said Winding Tree gives customers \u201cprovides a frictionless approach\u201d to accessing travel accommodation. <\/p>\n
Winding Tree said its marketplace accommodates all sorts of peer-to-peer connections for the travel and aviation industry. In addition to American Airlines, the marketplace has already secured a partnership with Air Canada, one of North America\u2019s largest carriers. <\/p>\n
American is the largest passenger airline in North America, having served over 95.3 million passengers in 2020. Passenger traffic peaked near 215.2 million in 2019 prior to the Covid-19 pandemic. In October, American announced a third-quarter net profit of $169 million, or $0.25 per diluted share, on revenue of $9 billion. Revenue rose 20% from the previous quarter. <\/p>\n