Listen to an account of an 'airplane game' leader, a notorious, widespread illegal pyramid scheme that swept across the US in the 1980s.

Find out how airlines quietly became banks

Some experts suggest airlines lose money on every flight. This video dives into how airlines have leveraged their loyalty programs to make billions of dollars, effectively evolving into banks.

Airlines made an average of $13 per passenger as of 2025

Some airlines, like American Airlines (which started the first airline loyalty program), have loyalty programs with higher valuations than the airline itself. The confusing business model of the modern commercial airline industry, including said loyalty programs, began after the 1978 Airline Deregulation Act in the US, which removed federal control over airline fares, routes, and market entry.

The namesake of the Ponzi Scheme, Charles Ponzi made an estimated $15M from running a fake international arbitrage scheme in the 1920s.

The story of Boeing's unraveling

Long lauded as one of the world's greatest aviation companies, Boeing has taken a nosedive in the last decade after major mass casualty crashes of its planes and high-profile scandals, which have led to numerous investigations, the temporary grounding of some of its planes, and a huge hit in its value. Listen to this first episode of a series telling the story of Boeing's fall.

The quiz show scandals eroded trust in the media

Many viewers were attracted to the shows because they were filled with real people winning real money. After it was exposed that “Dotto,” “Twenty-One,” “The $64,000 Question,” and others had been fixed, the genre struggled to regain viewers’ trust. The government intervened, too: President Eisenhower called the shows’ deception “a terrible thing to do to the American people” and Congress amended the Communications Act in 1960, explicitly outlawing fraudulent game shows.

Southwest Airlines was profitable for nearly 5 decades

Business History hosts Jacob Goldstein and Robert Smith explore how a carrier with just four airplanes shuttling across Texas revolutionized flying by offering free whiskey, cheap late-night tickets, and free-for-all seating allocation, despite how hard it is to make money running an airline. However, the success story didn't last forever.

Commercial air travel's early days: Flights were short, cold, depressurized, and generally comfortable

After World War II, airlines competed for their high-end passengers by offering cocktails, meals, and plush seats, cultivating the image of the elite "Jet Set." By the 1960s, air transport was completely changing global trade and offering big profits to companies able to ship via plane.

Watch an insider break down how multilevel marketing companies operate—from recruitment to retention.

Between 1989 and 2001, a security guard dubbed 'Uncle Jerry' rigged the McDonald's Monopoly sweepstakes by handing out 60 winning pieces worth more than $24M.

Former LuLaRoe vendors have accused the clothing multilevel marketing company of operating a pyramid scheme, resulting in more than 50 lawsuits and a $4.75M settlement.

Many startup founders pull out-of-the-box stunts to get their businesses off the ground

Do you know Airbnb’s founders used cereal (yes, as in the breakfast food) to secure their initial round of funding? Or that PayPal’s founders once gave out free money to get people to sign up for the platform? These stories might be crazy, but they’re not uncommon.

Inside one of the largest US military bribery schemes

Glenn Defense Marine Asia Ltd. sprinkled US Navy officers with gifts, hosted events attended by Navy officers that were staffed by sex workers, and won millions of dollars worth of inflated military contracts to provide food, fuel, and security to Navy aircraft carriers. Leonard "Fat Leonard" Glenn Francis helmed the company. This 35-minute podcast episode is the beginning of a multi-part series sharing Francis' story from his perspective.

Browse a timeline of the fascinating history of board games in America.

Monopoly was based on the satirical Landlord's Game, which criticized the abilities Monopoly rewarded.

Nearly 3 million people fly in and out of US airports every day

However, not all of those passengers generate revenue for the airlines they purchase their tickets from. One business class traveler typically pays for five to six economy travelers. That's partly because airlines measure profit by the square foot, and although a business class seat is usually roughly 30% roomier than economy seats, the business class traveler usually pays about three times as much as someone sitting in economy.

Six stories of survivors who fell from the sky

Rarely are there survivors when airplanes explode in air or crash due to the extreme speeds and elevation of the craft. Sometimes, though, people survive. Here are six stories of people who defied the odds and lived after falling from a plane.

The host of ‘The Dating Game’ claimed it was a CIA front

In his 1984 autobiography, “Confessions of a Dangerous Mind,” “Dating Game” host Chuck Barris claimed the show was a front concealing his true job as a contract assassin for the CIA. Despite skeptical responses and a lack of evidence, Barris continued to say the story was true. In 2002, screenwriter Charlie Kaufman adapted the book for the screen.

In the 1870s, a woman from Boston ran a Ponzi scheme disguised as a bank by women, for women that promised 8% interest.

Multilevel marketing companies are direct sales companies with a pyramid-shaped hierarchy resulting from recruitment, but they aren't legally considered pyramid schemes because revenue is driven by product sales rather than recruitment fees.

The story of a bitcoin loophole that gave one man millions

James Parker discovered a glitch in an Australian cryptocurrency exchange that would allow him to cash in credits worth over $20M and make big gifts to his friends. Like most loopholes, the authorities found out, but not before his life was transformed. The first in a six-part series.

A nightmarish vision for airplane seating

Airplane seat designer Alejandro Núñez Vicente reckons his double-decker airplane seat could revolutionize budget air travel. CNN went to the 2022 Aircraft Interiors Expo in Hamburg to try it out.

Clue, the murder-mystery board game, was designed during World War II air raids.

Find out how airline mergers created some of today's largest airlines

Four airlines dominate the US commercial airline industry: Delta, United, Southwest, and American. Many of these large companies secured their top spots in the industry via a series of mergers and acquisitions starting in the 1970s, when American acquired Trans Caribbean Airlines.

Randomly boarding passengers onto a plane is often faster than using boarding groups

Although boarding back to front or windows to aisles appear to be sensible approaches to quickly filling a plane, these methods still suffer from passengers stowing away their luggage, which too often halts the boarding flow. Research has shown that the ideal process, called the Steffen method, optimized efficiency by allowing boarding to continue even while stowing is underway.

'The $64,000 Question' took the quiz show formula to new levels

Creator Louis G. Cowan upped the potential winnings and had his team scour through contestant applications in search of everyday people with exceptional knowledge in a particular area. When the show premiered in 1955, they made the game appear high-tech by using cutting-edge IBM technology to deliver questions. The gambit worked: At one point, 55 million Americans tuned in.

In 2001, a $20M ticket officially kicked off space tourism

On that day, American businessman Dennis Tito became the first paying passenger to visit space, spending a week aboard the International Space Station. Since then, space participants have been members of suborbital flights, which do not require intensive training to prepare for.

Aviation expert breaks down the safest seat on an airplane

The bottom line is air travel is very safe—much safer than road travel. But you can always up your chances. So, here's one expert's take on the safest seat on an airplane.

The aviation industry built trust in automation by keeping pilots in the cockpit

Nearly 70% of Americans feel uncomfortable riding in a driverless car, and 81% of them would not fly on a pilotless plane. However, automated systems on planes were slowly introduced and advertised as enhancing safety—an approach that may benefit driverless vehicles.

An oligopoly is a market structure where a few large businesses dominate the entire market

When a few large companies dominate a market, changes in pricing for goods and services affect the entire market. Airlines are a common example of an oligopoly. Because the barrier to entry in the aviation industry is high, only a few airline companies offer the majority of the industry's services. While there is some competition, pricing across the board is largely intertwined and based on other companies' prices.

Anticipating moon tourism by 2000, Pan Am issued 'First Moon Flights' club cards

More than 93,000 cards were issued between 1968 and 1971, creating a waitlist that began when Gerhard Pistor, an Austrian journalist, visited a Viennese travel agency to request a flight to the moon. The cards were issued at no cost and numbered in the order they were issued.

Although payola was made illegal in 1960, it likely continued on the Billboard charts through the '70s

In his book “Uncharted Territory: What Numbers Tell Us about the Biggest Hit Songs and Ourselves,” music journalist Chris Dalla Riva argues that payola, the music industry term for undisclosed paid publicity, likely continued into the 1970s with the Billboard chart. Dalla Riva cites chart irregularities and reports about Bill Wardlow, Billboard’s then director of sales, who was a known booster for disco label Casablanca Records.

The attack at Pearl Harbor led to the world's first around-the-world commercial flight

A World War II-era commercial flight was forced to change course when Pearl Harbor was bombed, leading the 12-member crew on the world's first commercial flight to circumnavigate the globe. The Boeing 314 crossed the equator four times during the journey, which totaled more than 30,000 miles and required the crew to strip the plane of any identifying marks.

Read about 'skiplagging,' a money-saving travel hack

A consumer loophole known as "skiplagging" is a travel hack where travelers purchase a cheaper flight with a layover in their destination city. The hack works when flights to other cities with layovers at your destination are cheaper than direct flights to your destination. Airlines don't like the practice, but there's no specific law forbidding it.

Modern examples of oligopolies include the airline industry

An oligopoly is a market structure dominated by a few key suppliers. In the US, as of 2021, just four airlines (Delta, United, Southwest, and American) controlled nearly two-thirds of all domestic flights, making the US airline industry one example of an oligopoly.

How black boxes made flying safe

Black boxes—which are actually orange—were not universally present in airplanes until roughly 1967, a process which grew out of frustration over frequent, unexplained crashes in the industry's first few decades. This piece tells the origins of...

The betting scandal that rocked college basketball

In the 1940s and '50s, illegal bookmaking in college basketball was rampant at Madison Square Garden. In the 1949-50 season, City College of New York players shaved points during games, though they played honestly in the NIT and NCAA tournaments, winning both. This OddsShark.com article explores how the points-shaving scandal was exposed, who went to jail, and its impact on the NIT and CCNY.

See nine airplane models that transformed aviation

This visual guide jumps over the dawn of modern air travel and begins with the open-cockpit biplane flown by the first scheduled airline, the St. Petersburg-Tampa Airboat Line. (Some users may experience a paywall.)

Learn about the bodies that govern the US commercial airline industry, such as the FAA

The Federal Aviation Administration (FAA) regulates US air travel, monitoring both safety and advancement. But despite deregulation in the 1970s, the industry has other governing bodies, too, including the US Department of Transportation and the TSA.