American Express Company is trading 4% up at $312.51, rebounding from a prior session selloff, following a significant announcement regarding its partnership with Delta Air Lines.
- New Card Benefits: American Express and Delta introduced new travel benefits for their co-branded SkyMiles credit cards, including a complimentary second checked bag on domestic flights and annual rideshare credits for certain cards.
- No Annual Fee Increase: These new perks are being added without any increase to the cards' annual fees, enhancing the value proposition for customers.
- Partnership Anniversary: The announcement coincides with the 30th anniversary of the partnership between American Express and Delta.