American Express and Delta Renew Industry-Leading Partnership, Lay Foundation to Continue Innovating Customer BenefitsSource: Business Wire
- New agreement sets stage to create industry’s most valuable co-brand portfolio; extends relationship through 2029
Co-brand credit cards,
Delta Sky Club® access and the Membership Rewards® program remain key features
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The long-term agreement will leverage shared strengths to deliver best-in-class value to customers, while continuing existing features, including:
Ongoing investment in industry-leading benefits for Delta SkyMiles
Credit Cards from
Complimentary access to the award-winning network of
Delta Sky Clubsaround the world for Delta Reserve Card Members and Platinum Card® Members from American Express
Delta participation in the Membership Rewards program from
American Express, allowing those points to transfer into the SkyMiles® Program
- Delta as an American Express Card-accepting merchant
“This is a true partnership steeped in common values, strong
relationships and 23 years of history,” said
As the two companies work together, Delta expects its benefit from the
relationship to double to nearly
Since 1996, Delta and
The airline continues to invest in the SkyMiles program, named
a Best Travel Rewards program by
1 American Express’ 2019 guidance for FX-adjusted revenue growth and adjusted EPS subject to contingencies and legal settlements are non-GAAP measures. FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (i.e., assumes FY’19 foreign exchange rates will apply to FY’18 results when calculating year-over-year growth). A reconciliation to EPS guidance on a GAAP basis is not available without unreasonable efforts.
Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.
- Delta serves nearly 200 million people every year, taking customers across its industry-leading global network to more than 300 destinations in over 50 countries.
Atlanta, Delta offers more than 5,000 daily departures and as many as 15,000 affiliated departures including the premier SkyTeam alliance, of which Delta is a founding member.
Through its innovative alliances with Aeromexico,
Air France-KLM, Alitalia, China Eastern, GOL, Korean Air, Virgin Atlantic, Virgin Australiaand WestJet, Delta is bringing more choice and competition to customers worldwide.
Delta operates significant hubs and key markets at airports in
Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Mexico City, Minneapolis/St. Paul, New York-JFK and LaGuardia, London- Heathrow, Paris-Charles de Gaulle, Salt Lake City, São Paulo, Seattle, Seoul-Incheon and Tokyo- Narita.
- Delta has been recognized as a Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the eighth time in nine years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented eight consecutive years and named one of Fast Company’s Most Innovative Companies Worldwide for two consecutive years.
As an employer, Delta has been regularly awarded top honors from
organizations like Glassdoor and recognized as a top workplace for
women and members of the military. Delta CEO
Ed Bastianwas named among the “World’s Greatest Leaders” by Fortune magazinein 2018.
- More about Delta can be found on the Delta News Hub as well as delta.com, via @DeltaNewsHub on Twitter and Facebook.com/delta.
Forward Looking Statements
This release includes forward-looking statements regarding estimates,
expectations, beliefs, intentions, projections or strategies for the
future within the meaning of the Private Securities Litigation Reform
Act of 1995, including Delta’s expectations regarding its total benefit
from the relationship and American Express’ expectations regarding
business and financial performance, including its outlook for 2019. All
forward-looking statements involve a number of risks and uncertainties
that could cause actual results to differ materially from the estimates,
expectations, beliefs, intentions, projections and strategies reflected
in or suggested by the forward-looking statements. A description of
these and other risks and uncertainties can be found in Delta’s and
American Express’ respective Annual Reports on Form 10-K for the year
With respect to Delta, these risks and uncertainties include, but are
not limited to, the cost of aircraft fuel; the availability of aircraft
fuel; the impact of fuel hedging activity including rebalancing our
hedge portfolio, recording mark-to-market adjustments or posting
collateral in connection with our fuel hedge contracts; the performance
of our significant investments in airlines in other parts of the world;
the possible effects of accidents involving our aircraft; breaches or
security lapses in our information technology systems; disruptions in
our information technology infrastructure; our dependence on technology
in our operations; the restrictions that financial covenants in our
financing agreements could have on our financial and business
operations; labor issues; the effects of weather, natural disasters and
seasonality on our business; the effects of an extended disruption in
services provided by third parties; failure or inability of insurance to
cover a significant liability at Monroe’s