Visit the United forum. Read the sticky at the top of the forum entitled something like "So what will happen to United. What is the future for their miles?"

(and whatever you do, don't ask that question in there, cause it's been covered so many times!)

Short answer: They will eventually emerge from bankruptcy, or they won't. If they do, miles are fine. If they don't, miles are probably toast, or will be picked up by some other program.

But nobody really expects United to just go away, Ansett-style. At least, not without much stronger warning signs than those seen thus far. They actually would have been turning pretty good profits (minus reorg expenses) by now were it not for the 10-ton weight of fuel costs, and while the incredibly long time spent in C11 is of concern, they will emerge in good shape if they emerge.