First, United PR is just the messenger, albeit the designated messenger to bear the backlash here. You can't blame the messenger for the content.
Second, I am happy to see that UA didn't lower 1K to the 75K threshold of CO.
However, after that, I agree this is a devaluation to the majority of existing and future 1Ks. I could accept it due to merger/business reasons, if UA hadn't called it a benefit. By calling it a benefit and taking away benefits, they are basically calling us stupid. Way to treat your customers UA.