Originally Posted by
Mama
I think most people here would agree that the best value for reward redemption is saver premium cabin reward. Economy class purchase price fluctuates widely based on market demand and competition. And more often than not, you will see very cheap economy class that do not justify miles redemption.
Value is going to depend upon people's circumstances. If the best value in the system is an F award from NRT-BKK-SYD.. that only helps you if you happen to need/want to fly from Japan to Thailand and on to Australia. Saver premium cabin awards are great, but not everyone has enough miles to redeem them, and it can be hard to find inventory, especially if you're traveling with a family.
On the other hand, while economy awards aren't as exciting, if I needed to take the next flight from Austin to Allentown, PA, I could spend $479, or I could spend 12.5K miles. That's a 3.8 cpm valuation without even trying (it was literally my first attempt). IAH to EWR? There's a special $412 fare for the first flight of the day, but if I can' make that one, it's $609. With miles, I have six choices at 12.5K (4.9 cpm).
It's these redemptions that I worry might end tomorrow. I
very much hope to be wrong.