Major US airlines are on the warpath with Congress over a bill they say would gut flyer miles

• US airlines are banding together to criticize the Credit Card Competition Act of 2023.
• They say it will cut revenues of major payment networks, making them pull out of rewards programs.
• The bill, proposed in June, seeks to lower credit card transaction fees from Visa and Mastercard.

US airlines are attacking a new bill in Congress that seeks to lower credit card swipe fees, saying it would effectively end most flyer miles programs.