Everyone: "Take a step back, take a step forward, take a step back... now were doing the Cha-Cha." Val Kilmer in Real Genius


Really, I think the last think that we need to be doing right now to the airlines is turning contingent liabilites (FF miles) into current liabilites which means cash outflow. It is one thing to redeem miles for travel on the airline of issuance (travel on US using US miles) as this has an extremely minor impact if any on the airline (cost of additional fuel, handling food, etc. for your extra 300lbs), it is another to transfer the miles out of the program into some other program ie Hilton. These transfers will cost the airline something especially if there is a mass exodus of miles out of the program. This is exactly the situtation that happened to many of us LP million milers they restricted us to keep us from taking out too much too quickly.

Let's not have a run on the bank, instead use them for travel or insure them up with Randy. If I remember correctly nothing happened to my OP miles when Eastern went under or when CO was in and out of Chapter 11. If a program goes completely under your covered and we don't allow the herd mentality drive all of us out of our miles.

just my 2c.

BSL