U.S. Travel Association President and CEO Roger Dow on what the coronavirus-hit travel industry is doing to recover.

Delta Airlines fighting to stay afloat during the decrease in air travel during the coronavirus pandemic is turning to its popular frequent flyer program to tap into financial options.

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Essentially, the Atlanta-based airline plans to mortgage its SkyMiles loyalty program for up to $6.5 billion. Frequent flier programs are lucrative assets for airlines making billions per year by selling frequent-flyer miles to credit-card partners who offer the miles as rewards for spending. American Express, for example, paid Delta $4.1 billion for miles in 2019, according to filings with the Securities and Exchanges Commission.

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