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Delta SkyMiles

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Delta Air Lines announced yesterday it’s leveraging the SkyMiles loyalty program in order to secure $6.5 billion in funding.

The carrier crated an indirect wholly-owned subsidiary named “SkyMiles IP Ltd., a newly formed Cayman Islands exempted company incorporated with limited liability.” (This might explain why Delta chose the Caymans — in addition to it being a beautiful destination, of course.)

The Atlanta Journal-Constitution’s Kelly Yamanouchi reported the move allows Delta to turn down a CARES Act federal loan. This way, Delta “(avoids) surrendering more control in return for new federal money. It also highlights the airline’s ability to tap capital markets and the continued popularity of credit cards offering frequent flier miles despite a steep drop in air travel.”

Should we worry about SkyMiles?

A couple of my family members are understandably concerned about traveling during the coronavirus COVID-19 pandemic. They recently booked a trip using the companion certificate from my Delta Reserve Credit Card from American Express — and are now considering postponing.

They were curious about what would happen to their reservation if they do, indeed, forgo their trip.

So I contacted Delta for some answers.

One of my family members enjoyed a fun surprise the other night.

Her Delta Medallion status drops this week from Platinum to Gold. While booking a Delta trip for this summer, she lamented she could no longer select Comfort+ seats shortly after booking (a perk reserved for Diamond and Platinum Medallions, inventory permitting, for free as an a but instant “upgrade”).

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