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Todd Ault interviews Frank Lorenzo, the former CEO of Continental Airlines, Eastern Airlines, and Texas Air, and the author of "Flying for Peanuts: Tough Deals, Steep Bargains, and Revolution in the Skies." This compelling business memoir provides an in-depth look at the airline deregulation years, detailing the high-stakes negotiations that contributed to Lorenzo's success. The book includes encounters with Carl Icahn and features a chapter dedicated to the sale of the Eastern Airlines Shuttle to Donald Trump, which eventually became the troubled Trump Shuttle. Don't miss this exciting interview with Frank Lorenzo, where he discusses the origins of the peanut fares experiment and the real reason behind the similarity between the artwork on the wings of United and Continental Airlines. "Frank Lorenzo revolutionized an entire business category to something fairly biblical." - Todd Ault "When I was working at TWA, I remember some of the guys telling me stories about Howard Hughes commandeering some of the new airplanes, taking one of [the airplanes] to the Bahamas and using it as a hotel, experimenting with it to see what the airplane was like." - Frank Lorenzo 00:00 - 00:19 Intro 00:20 - 02:20 The Hottest Thing Since Texas Air 02:21 - 04:51 The Union Propaganda Machine 04:52 - 05:39 A Wayne's World Moment 05:40 - 07:50 Frank's Early Years 07:51 - 15:01 Deregulation & The Peanut Fares Experiment 15:02 - 18:16 Texas International & Continental Airlines 18:17 - 23:20 Kirk Kerkorian & Howard Hughes 23:21 - 26:58 Carl Icahn 26:59 - 27:13 askROI Commercial 27:14 - 30:26 Eastern's Crown Jewel 30:27 - 31:20 Donald Trump 31:21 - 33:43 Make Me An Offer I Can't Refuse 33:44 - 36:26 United Airlines & Pan Am 36:27 - 40:29 Frank's Most Important Deal 40:30 - 45:10 A Face Loan & The Continental Deal 45:11 - 46:24 Texas 46:25 - 48:22 Flying For Peanuts 48:23 - 48:53 Hispanic Society Of America 48:54 - 50:50 The Future Of Airlines 50:51 - 52:59 Donald Trump & Seating Assignments 53:00 - 54:54 Emirates 54:55 - 55:27 Audio Version Is Coming Oct 27th! 55:28 - 56:08 Wrap It Up 56:09 - 57:28 RiskOn360 Commercial 57:29 - 57:48 Closing ABOUT TODD AULT: Milton "Todd" Ault III, is a 30+ year Wall Street veteran, Founder, and Executive Chairman of Ault Alliance, Inc. (AULT – NYSE American), a diversified holding company engaged in acquiring undervalued businesses and disruptive technologies with a global impact. The Company, through its wholly and majority-owned subsidiaries and strategic investments, owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including Artificial Intelligence software, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Todd is also the host of The Risk On 360! Global Success Conference. Notable past speakers include: Alex Rodriguez (A-Rod); Robert F. Kennedy Jr.; Daymond John (“Shark Tank”); Tucker Carlson; Fox News Host Charles Payne; Legendary Sports Agent Leigh Steinberg; UGG Founder Brian Smith; CEO and Sales Expert Brad Lea – and many more. To purchase tickets to the 2024 Conference: https://bit.ly/4baW3Ap Connect with Todd Ault: 📘 Facebook: / miltontoddau. . 📹 YouTube: / miltontoddaultiii 📷 Instagram: / toddault 🎥 TikTok: https://vm.tiktok.com/ZMJA4cLnE/ 🌐 Website: https://www.toddault.com/ 🐦 Twitter: / toddaultiii 🤳 SnapChat: / toddaultiii 📱LinkedIn: / miltontod. . 🌎Website: https://bitnile.com/ 📢INFORMATION PRESENTED HEREIN IS FOR DISCUSSION PURPOSES ONLY AND IS NOT A RECOMMENDATION OR AN OFFER OR SOLICITATION TO BUY OR SELL ANY SECURITIES. SECURITIES IDENTIFIED DO NOT REPRESENT ALL OF THE SECURITIES PURCHASED, SOLD, OR RECOMMENDED TO ADVISORY CLIENTS OF THE SPEAKER. THE VIEWS AND OPINIONS EXPRESSED BY THE SPEAKER ARE HIS OWN AS OF THE DATE OF THE RECORDING. ANY SUCH VIEWS ARE SUBJECT TO CHANGE AT ANY TIME BASED UPON MARKET OR OTHER CONDITIONS AND WE DISCLAIM ANY RESPONSIBILITY TO UPDATE SUCH VIEWS. THESE VIEWS SHOULD NOT BE RELIED ON AS INVESTMENT ADVICE AND MAY NOT BE RELIED ON AS AN INDICATION OF TRADING INTENT. NEITHER THE SPEAKER NOR WE CAN BE HELD RESPONSIBLE FOR ANY DIRECT OR INCIDENTAL LOSS INCURRED BY USING ANY OF THE INFORMATION PROVIDED HEREBY. 🗣️ MAIN TOPIC 🗣️ 🎙️Frank Lorenzo is interviewed by Todd Ault on The Todd Ault Podcast. Airdate: Friday, Oct 25, 2024 at 9AM PST. Watch! Like! Subscribe! 🎧Listen on Spotify, Apple, iHeartRadio or Watch 👀 on YouTube #franklorenzo #flyingforpeanuts #continentalairlines #easternairlines #texasair #unitedairlines #trumpshuttle #carlicahn #donaldtrump #airlinenews #howardhughes