BUSINESS
05/04/2009 05:12 am ET | Updated May 25, 2011

American Airlines, Citibank In Talks To Boost Cash

(Reuters) -- AMR Corp's (AMR.N) American Airlines is in early talks to raise cash from its credit card partner, Citigroup (C.N), by selling it frequent flyer miles, the Financial Times reported citing people familiar with the matter.

In a report on its website, the paper said the two companies were in discussion over an arrangement in which American Airlines would sell Citigroup a block of frequent-flyer miles in advance.

Read more on Reuters