Originally Posted by JayKiwi

The vindication piece would fall extremely short when you consider the amount of revenue on base fares lost, which will include significant spend on PE fares to position for BP upgrades.

There will be a lot of small companies (and individuals) repurposing their airfare spends. This was after all the last true Elite benefit of any significant attraction, and these inflations will be the straw that breaks the camel's back for many who will be 50/50 on opting for generally more expensive base fare spends against upgrade cost and opportunity. We will see it like that for sure, especially with all the long-haul competition out there now.