Newsstand - Will Airline Bankruptcy Wipe out Frequent Flier Miles




plat
Sep 16, 05, 6:37 am
Randy mentioned and quoted ^

http://biz.yahoo.com/brn/050915/17452.html?.v=1

As gas prices soar and reports on already-struggling airlines land in the media almost daily, consumers who find themselves in the air a lot may have mile-high worries.

Blackout dates, limited seating and higher transaction fees for cashing in on frequent-flier reward miles are the least of those fears. Delta Air Lines and Northwest Airlines are the latest names making bankruptcy headlines. What if your favorite airline spirals into bankruptcy or ceases operations? It's enough to give the most seasoned reward program members white-knuckle fever.

With more than 163 million members, of 92 programs worldwide, with almost 10 trillion outstanding miles in their accounts as of early 2005, according to frequent-traveler program guru Randy Petersen, that's a lot of potentially lost time in the friendly skies.
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