So a few days ago, I was looking into booking a flight from NYC>London, business class for January.

When I first looked (on the website and app), flights on AA metal was 57.5K points for business each way, with reasonable surcharges ($5 to, $315 from).

However, yesterday, when I looked again, it had moved to 75K each way, or 125K return (discount of 25K for return) on AA metal, although it is still 57.5K for British Airway, but with a much steeper surcharge.

Interestingly, the cost has increased to 75K each way even for future way in the future, with no 57.5K rewards other than BA metal.

Is anyone aware of a devaluation that took place this week?