Originally Posted by
escapefromphl
The cause of this sort of massive devaluation is more closely linked to consolidation in the airline industry than to consumer behavior. Yes the Points Guy is flogging cards buts that’s a constant effect.
I'm not so sure because I recently read an article about the success of frequent flyer programs and credit cards as profit centers, and a airline rep was quoted as saying that they had sold more miles in the last 24 months than in the previous 10 years, and that it was really helping profitability.
Airlines are not adding excess capacity, so flights are mostly full these days.
Whenever you create more currency without increasing supply, whether governments or private companies, inflationary pressures are added to the system. The natural course of things is for the value of FF miles to keep decreasing in value. We will soon see UA miles consistently trading below 1 cpm.
Originally Posted by
wh333
Aeroplan F awards was (and still is) cheaper than (or equal to) UA in terms of mileage cost. The biggest problem with Aeroplan right now is NH is straight up not bookable through them at the moment.
NH F is currently bookable on
Virgin Velocity for 134K. How long that lasts is anybody's guess.