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Thread: How much do you think AMEX pays Delta?
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Old May 27, 2014 | 11:26 am
  #10  
ChevyCruze
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Originally Posted by SuperG1955
Remember, AMEX provided $600MM in pre-bankruptcy fnancing, the initial Debtor-in-Posession financing with the 2005 Chapter 11 filing and, while I'm not sure of the specific date, bought $1B Skymiles (at a very deep discount) which they couldn't use for at least 5 years. These skymiles are now unrestricted and being used by AMEX and probably are a mix of RDM's and MQM's.
Wonder if AMEX ever found an award trip that had availability to redeem those $1BILLION worth of Skymiles.
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