Originally Posted by woodenshoe101

DL's long-term viability is absolutely a big concern for AMEX, in the sense that if DL went belly-up (at which point AA and UA would likely already be dead), it would be a huge blow to AMEX's business. They may huff and puff a little, but if a deal like this can help sustain their partner, they will do it. In the grand scheme (ex-COVID circumstances), DL is a lot more important to AMEX than the other way around, even though a big chunk of DL's net income can be attributed directly to the AMEX relationship.