Originally Posted by
sosafan
The value in terms of flight miles is the same. The value in dollars is higher.
Your point is consistent with the idea that the cost of a new mile is higher
than the cost of an old mile, so the value of an old mile is going up.
That was the OP's point.
The value of an old mile is going up
for the airlines -- so they want to devalue the old miles.
For the consumers, couldn't the OP's argument be summarized as wishful thinking that what may be a short-lived anomaly will persist for longer than the airlines want it to last?
As they say in finance, "don't fight the Fed"[eral Reserve]. In the FFP mileage program, the airline is like the central bank that issues the funny money currency that are FFP miles. Good luck "fighting 'the Fed'", for you'll need all the luck you can get when the airline is intent on devaluing the consumers' "old miles" as much as it can get away with devaluing them ... at least without melting down their whole system.