Originally Posted by
canadiancow
I don't see how this is a devaluation. If UA has I space (which they basically never do on domestic flights), it will still be cheap.
But if a flight is P9 I0, as is extremely common, you'll actually be able to redeem points for it at a reasonable value.
I see this as strictly positive.
For something like this...maybe. For small regional flights which carry high fares (especially in Canada) it will be a net negative