Delta Air Lines is the latest carrier to use its frequent-flier program to secure cash to weather the coronavirus pandemic, announcing plans to raise $6.5 billion backed by its SkyMiles program
Delta Air Lines Inc. is the latest carrier to use its frequent-flier program to secure cash to weather the coronavirus pandemic, announcing plans to raise $6.5 billion backed by its SkyMiles program.
Delta said on Monday that it will issue a private-notes offering and enter a term loan facility backed by the program, its biggest fundraising yet as it looks to build its war chest. While Delta has raised $16.5 billion since the start of the pandemic, the carrier is still bleeding about $27 million in cash a day, Chief Financial...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Akon City, the $6 billion smart city Akon is building in Africa - Business InsiderAkon, the pop star behind hits like 'Smack That,' is masterminding a $6 billion smart city in Africa backed by a shadowy investor. Inside Akon City, where everything will be funded by 'Akoin' and the singer hopes to reinvent his legacy.
Read more »
Delta launches $6.5 billion debt deal backed by its frequent flyer program
Read more »
Stocks making the biggest moves premarket: Nvidia, Oracle, Immunomedics, Delta, Nikola & moreNvidia, Oracle and Immunomedics all surged on dealmaking activity. Delta backs new debt with its frequent flyer program.
Read more »
Delta flight returns to gate, removes passenger refusing to wear mask'Delta requires masks on every flight for the safety of our customers and crew,' said an airline spokeswoman.
Read more »
Delta new airport security bins, jetbridge air filters: coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Delta launches $6.5 billion debt deal backed by its frequent flyer program
Read more »