Are AviaTaca financially sound?
Dec 18, 2012, 2:40 am
#1
Original Poster
Join Date: Apr 2008
Location: Germany
Programs: LH FTL, BA Bronze
Posts: 831
Are AviaTaca financially sound?
I'm about to buy 100,000 miles for 1,500 dollars. As I may not be able to spend all of those miles straight away I'd like to know whether or not Avianca/Taca are financially sound. I've seen too many airlines disappear along with their FFP (Malev, Spanair etc.).
Dec 18, 2012, 4:12 am
#2
Join Date: Jul 2012
Location: Helsinki
Programs: A3 Gold, BA Silver
Posts: 1,014
Searching before asking as always a good idea. Currently they have decent credit rating and higher profit margin than Lufthansa so in short-term future I would worry much more about major European airlines...
Dec 18, 2012, 4:31 am
#4
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
With a decent credit rating and reasonable profit margins for the industry, I expect that I won't see my LifeMiles miles becoming unexpectedly worthless anytime soon. I currently have a few hundred thousand LifeMiles miles in accounts which I use. I have purchased most all of those miles and even very recently was comfortable doing just the kind of transaction being considered by the OP at the price mentioned.