Originally Posted by
guv1976
I think that the principal value to you would be when flying short-haul or medium-haul on AA or AS: free checked baggage, free extra-leg-room seats at time of ticket purchase, and free, space available upgrades to the next class of service. How useful is any of that to you?
Some of those are not Oneworld benefits, but from the AA-AS agreement, which offer more benefits than OWE status.
https://www.oneworld.com/travel-benefits#benefits