FlyerTalk Forums - View Single Post - Asia Miles Changes effective 22 June 2018
Old Nov 20, 2018, 3:04 am
  #719  
percysmith
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,801
I got challenged about the way I value awards. I seem to be overvaluing lower-priced cabins that fit my schedule:

https://forum.hongkongcard.com/forum...w/25995?page=1 #7

Originally Posted by percysmith
I would advise valuing tickets against ticket sticker price. I've redeemed 2F to Europe that would have $100,000 sticker price. However there is no way I will actually pay $100,000 (this is a critereon in the Siemen Tsoi v. CX case). I will probably pay $11,000 for a PE fare to Europe max (I fly to Europe exclusively in low season) so I will value my 180,000 AM burned against that.
Originally Posted by percysmith
//意思因為你願意比$11000坐PEY, 所以你valuate F(18萬里)做$11000->0.06/am?
//即係如果當時你換既係J, 咁就會valuate 12萬里=$11000->0.09/am?

And PE @0.15/AM <-- if the schedule fits, yes!
Higher class cabin tickets, particularly for short flights like Taiwan and Japan, are a form of dynamic pricing/surcharge to me

If I have choice between PE/J/F within the schedule, then I evaluate (as stand-alone decisions):
OK, I've realised $0.15/AM for PE
Would I pay (120k-72k) x 0.06 = $2,880 for round-trip J to Europe (probably yes)
Would I further pay (180k - 120k) x 0.06 =$3,600 for round-trip F to Europe (if long haul, probably yes too)

Of course, nowadays I won't be simply paying 120k-72k more, rather (97,500 Choice J - PE Standard 40k) x 0.06 x 2 = $6,900. Emmm....

Another illustration: I was returning from Sydney on 21/10, right in the middle of Canton Fair, PE and J was packed. I redeemed one-way Choice PE @ 40,000 AM. Just before check in, I saw Choice Business available.
That means I can pay 70,500 + 10,000 reissue - 40,000 = 40,500 AM ($2,430 @ 0.06).
I thought to myself - would I pay close to $2.5k for a one-way flight upgrade? Nah, I proceeded to walk to the PE queue to check in. It helped I had the day after off work.
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