October 25, 2020
Business News

Delta takes a ‘mortgage’ out on frequent flier SkyMiles for $6.5B – Fox Business

Delta Airlines fighting to stay afloat during the decrease in air travel during the coronavirus pandemic is turning to its popular frequent flyer program to tap into financial options.
Essentially, the Atlanta-based airline plans to mortgage its SkyMiles loyalty program for up to $6.5 billion. Frequent flier programs are lucrative assets for airlines making billions per year by selling frequent-flyer miles to credit-card partners who offer the miles as rewards for spending. American Express, fo…

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