CBC National Story on AP Points After AC Fails
Apr 7, 2004, 10:21 pm
#16
Join Date: May 2003
Programs: UA Silver
Posts: 1,931
Originally Posted by Altaflyer
Everyone should assume that no AC = no Aeroplan = no flights. Simple really.
Why should any airline (especially those in *, many of which are not exactly doing so well financially), want the extra liability of AP miles without having first reaped the income associated with these benefits?
Furthermore, imagine the complaints from, say, LH M&M members if AP SE,E or even P were instantly comped to similar M&M status. I mean, you guys are freaking out (with a good deal of justification) because non-AP status travellers have access to your perks, so how can you possibly believe that UA or LH will act "charitably" towards a potentially massive influx of former AP members? If AC goes, everyone will start at the bottom of the ladder, with possibly selected exceptions (v.g. you were already member of another program).
I hope I'm wrong, but I think it's delusional to assume that there will be anything significant left. Sure, banks will salvage or organize something so as to avoid antagonizing their better customers and prevent brand erosion, but it's likely to be limited.
Whatever the outcome, AP is AC frequent flyer program, and so, if AC fails and AP becomes a toaster-buying program, it will have lost its core function and will remain AP only in name.
I just don't see any precedent to failure of an airline but survival of its FF program. Maybe some knows the details of what happened to Ansett?
Apr 8, 2004, 6:18 am
#17
FlyerTalk Evangelist
Join Date: Mar 2000
Location: Southern Alberta
Posts: 20,550
Apr 8, 2004, 7:05 am
#18
Original Poster
Join Date: Nov 2003
Location: YYZ
Programs: AC *E
Posts: 532
Not impressed with CIBC...
I've read all the news coverage of the "announcement" by CIBC about protecting Aerogold members, and I must say that I was underwhelmed. No specific promises of any kind - more like "trust us, we'll take care of you". Not very reassuring, IMHO. At best it sounds like Aerogold card holders are likely to get some kind of credit in an Aventura-type card for some of the miles accumulated on Aerogold over some period of time.
How much longer can Amex wait before saying something to reassure card holders? I'm just getting backto using Amex as a result of their deal with AC and all of a sudden it's another CP saga.
How much longer can Amex wait before saying something to reassure card holders? I'm just getting backto using Amex as a result of their deal with AC and all of a sudden it's another CP saga.