Today CO joined UA in announcement major reduction in lift. Presumably the deleted flights will be the ones with lower load factors, the same flights that were the only ones you could get saver award seats on. This is certain to diminish our ability to redeem saver awards, and it may also disrupt already booked award travel.

What is the carrier's obligation to reaccommodate award travelers when the flight you booked is dropped? Are our awards at risk even after we book them? (That is, other than from shutdown of the airline, which we have already seen with ATA and Aloha.)