In response to (someone's) request for input from silent LP'ers:
My million miles finally posted, 11 months after the fact. I've applied for some award tickets, and how I feel about LP will depend on how they respond to my request.
I'm concerned about 2 things here: 1, LP solvency, and 2, getting something of value for the miles. I'm willing to spread my awards out over 4 years, and to post at least one mileage-earning activity to keep them current. I'm fairly upset about the loss of airlines, since we have lost the only one that flew out of either of my accessible airports so I'll have to buy at least one plane ticket to access LP flights. I don't mind too much that I can't go where I had planned to go with my awards; it's a big world and I just want to see some of it with my family (of 5 people).
I am concerned about the many changes in what we can expect out of this. It's created a sense of panic that leads to scrambling and grabbing whatever you can because it might not be here tomorrow. Mostly I'm concerned about losing the value of these awards. I made the entire mileage run in order to earn the million miles, and spent nearly $4000. I did enjoy the trip, but I'd have done it very differently if I hadn't been trying to meet the million-mile requirements, and would have enjoyed it much more. So I'll definitely feel ripped off if I don't get some significant value out of this, either because LP goes bust or because they change their rules so I can't get anything I can use.
It would help a lot for me if: there were some other airline(s) in the US involved so I could get award tickets out of an accessible airport. It would also help to have a family exemption or a carry-over provision on the 250,000 mile yearly limit. Mostly, it will help if I can actually get the tickets I've applied for, and they actually turn out to be useable.
So that's my 2 cents worth. Thanks, folks, for the ideas and the "group spirit," I do think it'll help us to hang together.