I too am concerned about the huge ff liabilities bankrupt or near bankrupt carriers have. I have always been a mile burner, but there is only so much vacation I can schedule with excess mileage. I have no choice but to sit with roughly 50,000 to 100,000 miles in 6 legacy carrier accounts in 2005. In my gradual cashing out, so to speak, I am switching over all my ff credit cards to cash back type cards. The Costco AMEX 3%meals-2%rental cars & hotels-1% everything else and the CITI MC 5% back on gasoline have replaced the BofA DM card and UA bankcard. Worldperks Visa and AA MC will be next. AMEX Skymiles will probaby be the last one, due to double miles promotions.
My wife will be shocked, but I will probably start bringing home the Kellogg cereals with savings bonds certs instead of AA mileage certs.

Outoftown