<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by kzoom:
The value of miles is closely tied with ones ability to use them. If there are more and more miles out in the public (and supply of award seats/redemption availabilities in general have not changed) their value has by definition gone down!
The same holds true with easing the barriers to reaching elite status: the more participants, the more crowded the space becomes and the less likely one is to benefit!
Basic supply and demand ... or am I missing something?</font>
This is my point.
IF there was a 'stock market' for frequent flyer miles I am sure that we would have see drastic drops for the value of each mile.
Airlines keep this devaluing hidden because you cannot buy & sell miles freely and because it seems like a basic coach ticket is still 25000 miles. BUT this 25000 ticket is not the same ticket as it was a year ago [i.e. fees to change it].