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Old Oct 2, 2004 | 1:12 pm
  #1  
Firstmate
 
Join Date: Mar 2004
Posts: 143
When will the Bubble burst?

I like most people on this forum consider myself to be a saavy and astute traveler. I like many people on this forum am a mileage junkie. Seems we never have enough and always want more. I have not as many as some, but many more than most and yet the game goes on.
In this day and age of too many miles chasing too few available Award Seats on flights it has become frustrating for many to be successful in using their miles. Most airlines are struggling at best and some have questionable futures. Yet the quest for more miles goes on.
Airlines are striving to figure a way to survive in this new age of flying, but yet all the major Airlines and Credit Card Companies continue to woo the masses with more Mileage advertisiments in promoting their particular Airline or Credit Card.
Seems to me like the Airlines have a tiger by the tail and can't hang on and can't let go. On the one hand, they have to keep their programs in tack in some fashion, while on the other they continue to encourage it to grow bigger, and have even more miles chase the same seats. Seems that in their endeavors to develope a mileage program, they may inadvertently and by accident create one of the biggest Ponzi programs on record.
Credit Card companies of course like to promote their product for the interest income and the service fees from the particiating merechants. Airlines of course enjoy to receive the cash that is generated to them by the Credit Card Companies when someone transfers miles into the Airline FF program.
Where will it all end. Will the Bubble eventually burst?
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