Huge devaluation overnight?
Yesterday I was searching for award flights to Europe and back for the coming summer, and found many listed at around 23K to 30K miles each way in economy, and business class seats at 57.5K each way.
This morning I planned to redeem the flights I had chosen, and when I pulled up the site I was shocked to find all Business Class seats priced at 135K each way and even economy seats at 50K or more each way, some economy at over 100K for the seat one-way. All in all, it looks as though prices rose 100% to 135%! I thought my computer may have glitched, but tried another one and got the same result.
Is this a glitch of some sort, or did American actually devalue AAdvantage miles by more than 50% overnight? Suddenly Skypesos look valuable by comparison. I know American went to "dynamic pricing" but this seems ridiculous!
What am I missing?