U.S. frequent flyer programs aren’t the most valuable. In fact some airline programs seem almost allergic to the idea that some consumers somewhere might actually benefit in an outsized way from what they offer. United and Delta have actually devalued their award prices for travel on partner airlines during the pandemic. And when we see promotions they aren’t especially rich – either it takes a lot more from the customer compared to what the program is willing to give, or earning is capped at very low levels.
The real value comes from airlines around the world who won’t so quickly devalue, and whose airlines will begin to ramp up service perhaps before demand fully returns. Expect to see a lot of award seats available on Emirates, whose planes like Airbus A380s and Boeing 777s are too big for many routes at least for awhile.