Delta, American Express strike $1B deal
Dec 9, 2008, 6:33 am
#1
Original Poster
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Location: ATL, CVG, DAY, DCA
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Delta, American Express strike $1B deal
Delta and AmEx just announced this morning a deal to continue their long standing partnership and this will provide an immediate liquidity boost to Delta.
http://news.cincinnati.com/article/2...0015/1055/NEWS
http://news.cincinnati.com/article/2...0015/1055/NEWS
Dec 9, 2008, 6:41 am
#3
Join Date: Dec 2004
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As if there was any doubt.
However, it will be interesting to see what the 'expanded options for booking travel' comprise
However, it will be interesting to see what the 'expanded options for booking travel' comprise
Dec 9, 2008, 7:08 am
#5
Join Date: Sep 2004
Posts: 859
Dec 9, 2008, 7:12 am
#6
Join Date: Jan 2004
Location: Atlanta & San Francisco
Programs: DL 2MM DM & My Wife is a DL 3MM DM
Posts: 2,784
Starting the Biz Reserve Card this past year was a pretty good indication that DAL and AXP were not planning on ending their relationship. I never thought it would happen in the foreseeable future, and am glad it isn't as well.
Dec 9, 2008, 7:57 am
#7
Join Date: Apr 2004
Posts: 5,630
Delta and AmEx just announced this morning a deal to continue their long standing partnership and this will provide an immediate liquidity boost to Delta.
http://news.cincinnati.com/article/2...0015/1055/NEWS
http://news.cincinnati.com/article/2...0015/1055/NEWS
Are the new options less 2x miles
Are the new options elimination of all 2x miles except for DL tickets
Are the new options the incresae of fireign exchange from 2% to 2.75%
Seems like all the new options are for AX and NOT their customers
Dec 9, 2008, 8:24 am
#8
Join Date: Nov 2007
Location: MKE
Programs: BA Gold, DL PM, Hilton Gold
Posts: 2,241
AMEX ought to be offering ALOT of double DL miles for 1,000,000,000......look at all those zeros!!! Good grief!
Well, now we know where 2x points at all sorts of places went.
What I didn't understand in the article, how does this affect AMEX acceptance in the midwest?
Dave
Well, now we know where 2x points at all sorts of places went.
What I didn't understand in the article, how does this affect AMEX acceptance in the midwest?
Dave
Dec 9, 2008, 8:41 am
#9
Suspended
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It looks like it. From the Press Release:
However, it does look like there will be some relationship with US continuing, including a debit card offering, which I don't think DL currently has:
In late 2009, Delta plans to merge Northwest WorldPerks with SkyMiles to create the world’s premier airline loyalty program and a consolidated Co-brand Credit Card program.
Delta plans to continue its longstanding partnership with U.S. Bank through their existing corporate relationships including merchant acquiring, an expanded debit card program and corporate lending.
Dec 9, 2008, 8:48 am
#10
Join Date: Jun 2008
Location: SLC
Programs: DL GM, HH Gold, Marriott Rewards Silver, AvisFirst
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Is anyone else concerned about the sale of SM to Amex as part of the deal?
"As part of the agreement, Delta said it expects an immediate $1 billion cash infusion from the sale of SkyMiles to American Express,"
"As part of the agreement, Delta said it expects an immediate $1 billion cash infusion from the sale of SkyMiles to American Express,"
Dec 9, 2008, 8:49 am
#11
Join Date: Nov 2007
Location: MKE
Programs: BA Gold, DL PM, Hilton Gold
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But, I have to ask, where is AMEX getting the money to buy the miles from? And just how many miles does one get for ONE BILLION?
Dave
Dec 9, 2008, 9:04 am
#13
Join Date: Jan 2008
Programs: DL-PM/R, 1985 US
Posts: 301
I'm still curious as to how AMEX is marketing Double Miles on their SM Cards if they do not intend to honor it.
If I signed up for a 2x SM AMEX and they pulled the offer on my first statement I would be less than amused. I'm less than amused that they pulled my 2x on my cards. 2x was a major selling point for me.
I'm hoping but not expecting that it comes back.
If I signed up for a 2x SM AMEX and they pulled the offer on my first statement I would be less than amused. I'm less than amused that they pulled my 2x on my cards. 2x was a major selling point for me.
I'm hoping but not expecting that it comes back.
Dec 9, 2008, 9:10 am
#14
FlyerTalk Evangelist
Join Date: May 2001
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Probably get nearly 100 billion miles for a billion dollars.
Dec 9, 2008, 9:16 am
#15
Join Date: Jun 2008
Location: SLC
Programs: DL GM, HH Gold, Marriott Rewards Silver, AvisFirst
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Thanks for the clarification FWAAA. There has been a lot of talk (Randy P. and others) over the past couple of years about the possibility of the airlines spinning off their mileage programs and until your clarification I thought this might have been the first one to go.