What is Altair and how do they make their money?
The travel agency that owns Altair Airlines has a $1.2 billion valuation.
That means Altair makes more money than every other travel agency in the country combined.
That makes Altair the richest travel agency out of all of them.
According to the Bloomberg Billionaires Index, Altair’s $1 billion valuation is the fifth-highest among the top 100, based on data compiled by Bloomberg and data from Forbes.
That makes Altairs worth $14.4 billion.
The top 20 travel agencies have a combined $10.9 billion in market value.
The number one travel agency for every 10,000 American households has a market value of $4.3 billion.
The Altair family has been in business for more than 40 years.
The company was founded by Howard Altair, the grandson of Howard’s grandfather.
Howard’s father Howard was a millionaire in the auto industry and his mother Barbara was a successful actress.
The family was born in Cincinnati, Ohio, and went on to win the 1939 World Series of Baseball.
In 1950, Howard moved to Chicago and his father moved to Los Angeles.
They married in 1956.
The couple had two children, Fred and John.
Fred died of a heart attack when Howard was 23.
The family began to take a bigger role in their lives, particularly in the 1950s.
In 1957, they purchased the company that would become Altair.
They named the airline after Howard’s grandmother, and the company was renamed Altair Airways.
In 1962, Altairs first flight was from Chicago to San Francisco.
Two years later, Altaires first flight to Las Vegas was delayed due to the Great Depression.
Then, in 1968, it took another five years for a second flight from San Francisco to Los Altairs home base in Memphis, Tennessee.
In 1976, the company started its first nonstop service from New York to Chicago.
The flight from Chicago would become the first non-stop flight to Los Alto.
In 1977, Altirs first flight from New Jersey to Miami was delayed by a storm.
Altairs second flight to Miami in 1978 was delayed again because of a storm that swept through the Gulf of Mexico.
The airline continued to expand its routes, and in 1983, it expanded its service to Mexico.
The new routes were the first to include flights to the Caribbean.
The first flights from the Caribbean to the US included the Gulf-of-California route, the Gulfstream II route, and a Caribbean flight from the US to Puerto Rico.
In 1984, Alters first flight through New York City was delayed after Hurricane Betsy hit the city.
Two weeks later, the airline was forced to make a two-day stop in Detroit, Michigan, because of Hurricane Gustav.
The airline was also forced to change the route of its non-business routes in Florida and North Carolina because of the storm.
In 1987, Altters first flight out of Detroit was delayed because of an oil leak in the engine room.
Two days later, it was forced back to Detroit after the plane caught fire.
In 1988, Altits first flight outside of Detroit in 1989 was delayed for a week because of flooding and ice on the runway.
In 1990, the first flight for the US from the Gulf was delayed.
In 1992, the airport was closed for four days for repairs because of hurricane Gustav.
In 1993, Altiras first flight back to the United States was delayed when Hurricane Bill struck Detroit.
The airport was reopened in mid-February 1994 and served as the US Airports Office for the next five years.
In 1997, the Altair brand was acquired by a new owner.
In 2008, the new owner acquired the Altairs brand name and merged it with the AltAir brand.
In 2015, the two companies merged.
The merger was completed in 2018.