American Express and Delta Extend Partnership
December 11 2014 - 10:00AM
Business Wire
Multi-Year Deal to Continue Co-brand Credit
Cards, Delta Sky Club® Access, and Membership Rewards® Point
Transfer Partnership
American Express (NYSE:AXP) and Delta Air Lines (NYSE:DAL) today
announced a multiyear extension of their exclusive co-brand Credit
Card. The deal includes continuation of Delta as a Card-accepting
merchant and as a participant in the Membership Rewards program
from American Express. In addition, Platinum Card® Members from
American Express and Delta Reserve Card Members can continue to
enjoy access to the Delta Sky Club, their network of proprietary
airport lounges.
Also as part of this extension, a previously announced annual
limit on point transfers from the Membership Rewards program from
American Express to the Delta® SkyMiles® program will not be
implemented. This allows Card Members to transfer Membership
Rewards points to the SkyMiles program, without being subject to an
annual transfer limit.
Since 1996, the companies have offered a portfolio of co-branded
Credit Cards where Card Members with eligible Delta SkyMiles®
Credit Card products can earn Delta SkyMiles® and receive other
Delta-related benefits including free checked bags, priority
boarding and airport lounge access. The partnership is designed to
deliver additional value to customers of Delta and American Express
and generate attractive economics over time to shareholders of both
companies.
“We’re very pleased to extend our strategic partnership with
Delta in a way that will deliver compelling value to our mutual
customers and help to ensure that Card Members get more with
Membership,” said Josh Silverman, President of Consumer Products
& Services at American Express.
"Delta's extended agreement with American Express not only means
that we will continue to offer the industry-leading products and
services customers have come to enjoy, but also that we will
jointly develop innovative new programs that provide access to more
of the things they value most," said Glen Hauenstein, Delta's Chief
Revenue Officer.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more
at americanexpress.com connect with us
on facebook.com/americanexpress,
foursquare.com/americanexpress, linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products and services: charge and credit cards,
business credit cards, travel services, gift cards, prepaid cards,
merchant services, business travel, and corporate card.
About Delta Air Lines
Delta Air Lines serves nearly 165 million customers each year.
This year, Delta was named the 2014 Airline of the Year by Air
Transport World magazine and was named to FORTUNE magazine’s 50
Most Admired Companies, in addition to being named the most admired
airline for the third time in four years. With an industry-leading
global network, Delta and the Delta Connection carriers offer
service to 319 destinations in 59 countries on six continents.
Headquartered in Atlanta, Delta employs nearly 80,000 employees
worldwide and operates a mainline fleet of more than 700 aircraft.
The airline is a founding member of the SkyTeam global alliance and
participates in the industry’s leading trans-Atlantic joint venture
with Air France-KLM and Alitalia as well as a newly formed joint
venture with Virgin Atlantic. Including its worldwide alliance
partners, Delta offers customers more than 15,000 daily flights,
with key hubs and markets including Amsterdam, Atlanta, Boston,
Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK, New
York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle
and Tokyo-Narita. Delta has invested billions of dollars in airport
facilities, global products, services and technology to enhance the
customer experience in the air and on the ground. Additional
information is available on delta.com, Twitter @Delta,
Google.com/+Delta, Facebook.com/delta and Delta’s blog
takingoff.delta.com.
Amex:William D Tsang,
212-640-0933william.d.tsang@aexp.comorDelta:Anthony Black,
404-677-5786anthony.l.black@delta.com
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