But here are the facts:

There have been 17 attempts to increase fares in the last 5 months. Thirteen of those increases have stuck. It would appear to me that prices have increased. Can you accept that?

http://www.bestfares.com/news-newsID579-All_Major_Airlines_Raise_Airfares_A_Whopping_$60_R oundtrip.html

But the domestic saver redemption is still 25,000 miles and that redemption is the typical and most common redemption in the industry. I'm not talking about FT'er's that usually have more savy than those redeeming for domestic tickets.

To "Joe Lunch Bucket" when he redeems a reward, he is getting more bang for his mile, and the value of his mile is increased.

Sure we will have award increases. We always have, and always will. My point being the 10K increase on a Hawaii award will be a minor increase when they are done increasing fares to where they need to be to stay in business.

In my mind, my 500K AA miles are still increasing in value.

And when I swap them into Hilton Honors points they still get me a hotel room no matter how crazy the prices in New York ($500+) and Chicago are.

So you keep burning and I'll keep earning.