Originally Posted by
DrMilano
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.
...until that moment when nobody in their right mind will want to hold a Delta AMEX credit card.
The SkyPeso Ponzi Scheme is close to collapse.