Originally Posted by
Gamecock
Pay the fare, do a PLT Challenge, and reap the benefits of elite status until next March.
Once you are a PLT you'll rack up double miles and be on your way to 1st class tickets to Australia, which is more arduous flight than ORD-FRA.
That's what I would do.....

All the AA fares to Europe I've seen are in S,O,Q,N classes, which only earn 0.5 elite-qualifying points towards a challenge. So you'd have to make two trips for a PLT challenge.
Also, transatlantic Q fares used to be ineligible for challenges. Perhaps this is still the case?