Update: A reader shares, regarding the new (corrected) Iberia pricing for transatlantic business class awards,
Even though on the Iberia website shows the new/correct pricing.. when you click through you still get the old pricing.
This surely will not last. Book now.
- Chicago – Madrid should be in the 6th distance band, but was pricing in the 5th. That’s been corrected, and an off-peak business class award now runs 42,500 points (up from 34,000).
- Los Angeles – Madrid should be in the 7th distance band, but was pricing in the 6th. That’s been corrected, and an off-peak business class award now runs 51,000 points (up from 42,500).
- Mexico City – Madrid should be in the 7th distance band, but was pricing in the 6th. That’s been corrected, and an off-peak business class award now runs 51,000 points (up from 42,500).
Santiago – Madrid should be in the 8th distance band, but was pricing in the 7th. That’s been corrected, and an off-peak business class award now runs 59,500 points (up from 51,000).
Here’s Iberia’s distance-based award chart:
Traveling For Miles is outraged at the no-notice devaluation but I’m not sure that’s fair. Iberia should have been charging these new prices all along, based on how their program works. They’ve been undercharging and never went and asked members to cough up the extra miles for them. (That would have been outrageous.) Instead they’ve just fixed the glitch and stopped undercharging.
I don’t think some sort of collateral estoppel theory applies here, that since they’ve been charging the low price for some time they needed to continue charging the lower price and give members notice they’d stop the glitch. It was a known issue, and has been corrected, as we always should have assumed they would. The only issue here is really one that’s in our favor, which is that it took them so long.
Most importantly, Boston and New York – Madrid remain 34,000 miles each way in business class. Iberia Plus is a transfer partner of both Chase and American Express, and members with Iberia Plus accounts with activity can move their British Airways points over. This can be desirable because Iberia’s transatlantic awards on their own planes are so inexpensive and fuel surcharges aren’t significant.