SmartMoney ran a piece telling frequent flyers to go out and burn their American Airlines miles because the airline is so troubled. Attention, nervous flyers: It may be time to buckle up and use your American Airlines miles. Shares at the airline plummeted by one-third Monday amid fears that it will seek Chapter 11 bankruptcy protection. As investors panicked and sold their shares, its 67 million frequent flyer members around the world were also left with a worrying question: In a worst-case scenario, will all those hard-earned miles be lost? The bad news: When airlines file for liquidation, loyal customers are usually among the last on the long list of creditors to be reimbursed. Experts say nearly all other major debts will be paid before these rewards are redeemed. What a lead, eh? And the…
Monthly Archives
Monthly Archives for October 2011.
Aeroplan Will No Longer Include Domestic First Class with International Business Class Awards
I haven’t yet verified this myself, but via Matthew Klint, Aeroplan has a new devaluation (on top of the pretty brutal changes to their award chart in July). Aeroplan will no longer book domestic (and US-Canada transborder) first class seats as part of an international business class award. If you include domestic first class, they will price the whole award as first class. Most airlines will include domestic first class on a business class award. There are exceptions. British Midland treats first class as first class, business class as business class, even when the flight is just an hour-long ‘first class’ seat on a United Express regional jet. That’s how Aeroplan appears to be proceeding, as a way of cutting costs on their redemptions according to the memo that an Aeroplan supervisor read to Matthew.…
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