Delta in talks with AmEx to Unload Early Sky Pesos
WSJ is reporting this morning that Delta is in discussions with American Express unloading miles ahead of schedule at a reduced price that AmEx would ordinarily pay. On March 20, 2020 Delta pledged airplanes for a $2.6 billion credit line and immediately drew down to $2.3 billion.
Delta will just further devalue Sky Pesos to junk bond status for redemption.