Delta Air Lines announced a multiyear extension of its branded credit card partnership with American Express that will provide it with more than $2 billion in combined incremental liquidity and contract enhancements. DL said it will receive "an immediate $1 billion boost to its liquidity" from an American Express purchase of SkyMiles, in addition to $1 billion in contract improvements through 2010.
Subscribe to Access this Entire Article
"Delta to get $1 billion 'boost' from American Express" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.