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.
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.