The Value of a Mile

by Tim Winship

With Air Canada and United still in bankruptcy, US Airways likely headed back for a second round of Chapter 11 protection, and Delta's most recent SEC filing alluding to the possibility of a bankruptcy filing if pilot salary concessions are not forthcoming, consumer concern at the prospect of a major airline failure has never been more acute or widespread.

Particularly worrisome to many business travelers is the question of their reward miles' fate.

http://frequentflyer.oag.com/stories...y_revised2.asp

...

1. Cash Out

2. Convert

3. Wait and See (and Hope)

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Thoughts?