A friend of my son's was flying on a reward ticket I gave him from SNA-EWR (red-eye last night)-MCO (7 am this morning). The EWR-MCO portion was overbooked by more than 20 people. CO ended up changing aircraft, but still had to bump people.

My son's friend took the $500 and a 4 pm flight (upgraded to 1st). Not bad for a reward seat! Apparently, all the EWR-MCO flights were oversold today.