WMT - Affirm stock climbs 6% after pact with American Airlines for 'Buy Now Pay Later' service

Buy Now, Pay Later servicer Affirm Holdings (NASDAQ:AFRM) shares climb more than 6% out of the gates following the company's pact with American Airlines (NASDAQ:AAL) to bring travelers a new flexible way to pay for flights and pay over time. By selecting Affirm (AFRM) at checkout, approved American Airline (AAL) customers can split the total cost of flights over $50 into monthly payments. Select customers can now see Affirm (AFRM) as a payment option for eligible airfare at checkout on aa.com, and it will be more broadly available to U.S. customers in the coming weeks, the company said. With holiday travel season right around the corner, "74% of Americans say they'll spend more on travel this holiday season than ever before, while 60% are concerned that they can't afford to travel as they would like to," said Affirm Chief Commercial Officer, Silvija Martincevic. In the meantime, Affirm (AFRM) gets an Overweight rating

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Affirm stock climbs 6% after pact with American Airlines for 'Buy Now, Pay Later' service