I see that two bold predictions have now been made on FT today; the one in this thread, and another one elsewhere.
Originally Posted by
DWFI
I just spoke to a supervisor at BAEC UK who confirmed to me that as of tomorrow, 10/4, burn rates for BA miles will be increasing. By how much, he would not say. However, he indirectly/sort-of confirmed it would be on all routes, not just BA/AA/IB ones.
Originally Posted by
London Dude
OK, let me make a prediction then. As of Friday 1 Oct, the S&P 500 closed at 1146 and the FTSE 100 at 5592. I am pretty confident that by Friday 22 Oct the S&P 500 will have plunged through 990 and the FTSE 100 will be somewhere below 4800. We can talk again about pessimistic clairvoyance then.
Let's see what happens.
Although I agree with
oscietra that there must be an adjustment in due course. Although we are all currently basking in the feel-good of being given more miles, one of the certainties of life is that the printing of new miles at the current rate must be unsustainable.