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Aimia’s 'breakage' model may need fixing Add to ...

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Aimia Inc. may have changed its name and expanded globally in recent years, but the loyalty management company is still driven by the performance of its core Aeroplan business. Specifically, Aimia’s relationships with Canadian Imperial Bank of Commerce and American Express, which offer Aeroplan-branded cards, are the source of much of its strength. A weakening economy has put a crimp on Aimia’s growth this year, and investors should watch for a number of other worrying developments that could affect the Aeroplan business in the years ahead.

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