Delta plans to follow United with loyalty program-backed debt – Bloomberg

Delta plans to follow United with loyalty program-backed debt – Bloomberg

Photographer: Angus Mordant / Bloomberg

Photographer: Angus Mordant / Bloomberg

Delta Air Lines Inc. is preparing to issue new debt backed by itsprospectus program, the latest to use miles to help boost liquidity amid the Covid-19 pandemic.

The airline is expected to market new loans and bonds backed by its SkyMiles loyalty program after the Labor Day holiday in the United States on…

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