By hedging, I mean booking multiple premium class award trips, in the hope I will be able to utilize some percentage of them, if not all of them. Also hedging whether those same itineraries will be available when flights are confirmed due to greater demand. If I have a confirmed EK F seat that gets cancelled, my experience is AS and EK will work to get it reaccomodated on another route. Same for CX, QF, SQ, JL, AA. I agree there will be lots of great deals for paid premium travel, but frankly I have too many miles and need to begin burning them, not earning more. Just reinstating my award cancellations this year has put 2MM back into my accounts, and my airline account balances are now considerably higher than that. Too high, especially if real economics are allowed to happen and several carriers go out of business. YMMV.