🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Delta, United Airlines become latest companies to cut NRA ties

Published 24/02/2018, 22:33
© Reuters. FILE PHOTO - Delta planes line up at their gates while on the tarmac of Salt Lake City International Airport in Utah
GEN
-
MET
-
CB
-
DAL
-

By Gina Cherelus

NEW YORK (Reuters) - Delta Air Lines and United Airlines on Saturday became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from last week's massacre at a Florida high school took its toll on the gun advocacy group.

The exodus of corporate names, ranging from a major insurer to car rental brands and a household moving company, began after the NRA launched a counter-offensive against a student-led campaign for tighter U.S. gun laws.

The NRA responded by saying its members were being punished, but would not be intimidated, by what it called "a shameful display of political and civic cowardice" from some corporations.

In tweets on Saturday, Delta (N:DAL) and United said they were no longer offering NRA members discounted rates and they would ask the NRA to remove their information from its website.

The issue of gun control, and the NRA's role in opposing it, became the focus of renewed national debate after a former student killed 17 people on Feb. 14 at the Marjory Stoneman Douglas High School in the Fort Lauderdale suburb of Parkland, using an AR-15 assault rifle he had purchased legally.

NRA spokespeople have lashed out at gun control advocates, arguing that Democratic elites are politicizing the deadly rampage in Florida to erode gun owners' rights.

In a statement on Saturday, the NRA said its more than five million law-abiding members had nothing to do with the failures of school security, the mental health system, or both local and federal law enforcement that it said had caused the tragedy.

"Despite that, some corporations have decided to punish NRA membership in a shameful display of political and civic cowardice," the statement said. "In time, these brands will be replaced by others who recognise that patriotism and determined commitment to Constitutional freedoms are characteristics of a marketplace they very much want to serve."

The attrition of NRA corporate partners began on Thursday when three rental car brands owned by Enterprise Holdings Inc said they were ending discount programs, and First National Bank of Omaha said it would not renew the NRA's contract to issue a co-branded Visa card.

By Friday, the list of defectors grew to include Symantec Corp (O:SYMC), which ended a discount programme for its LifeLock identity theft product. Home security company SimpliSafe and Hertz Corp also terminated discount programs.

Chubb Ltd (N:CB) said it would stop underwriting a NRA-branded insurance policy for gun owners that covers legal costs in self-defence shootings. Another insurer, MetLife Inc (N:MET), also said it had ended an auto and home incentive programme for NRA members. And North American Van Lines said it was scrapping its affiliate relationship with the NRA.

© Reuters. FILE PHOTO - Delta planes line up at their gates while on the tarmac of Salt Lake City International Airport in Utah

The U.S. Constitution's Second Amendment protects the right of Americans to bear arms. The NRA, which has long used campaign donations and effective lobbying to command political influence, argues that stricter gun control would erode individual rights.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.