Originally Posted by
JamesBond
Do you have any insight/information as to how the AmEx deal works? If I read that chart correctly form the Investors briefing, we are expecting to make $7B+ in 2024 going forward from AmEx alone. How in the hell does a freaking credit card translate to DAL's bottom line in that kind of number?
And as an aside, it blows my mind that anyone would pay to have a credit card.
I can't recall if it was EB or DJ that said it, but they stated that we get 3% of the spend on the Delta branded cards from AmEx. That's what drove the nearly $6B we got from that deal last year. They are popular cards and people spend a lot of money with them.