Award Ticket Success - Post It Here
Jun 6, 2023, 8:28 pm
#5537
FlyerTalk Evangelist
Join Date: Nov 2009
Location: SEA (the REAL Washington); occasionally in the other Washington (DCA area)
Programs: DL PM 1.57MM; AS MVPG 100K
Posts: 21,373
Stage 1 of the Tour de France is in Bilbao/BIO on 1 Jul
a couple days ago I got what must have been the last two J seats on BIO-AMS the morning of 2 Jul for 25k miles + €65 each
sure, the 1150 flight would be better than the 0650, but no way am I paying $950 each
a couple days ago I got what must have been the last two J seats on BIO-AMS the morning of 2 Jul for 25k miles + €65 each
sure, the 1150 flight would be better than the 0650, but no way am I paying $950 each
Jun 7, 2023, 10:34 pm
#5538
Join Date: Feb 2007
Location: Atlanta
Programs: Delta Death March, Hyatt Globalist, IHG Plat, Marriott/Hilton Gold Life
Posts: 1,547
Jun 8, 2023, 5:56 am
#5539
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 23,063
Availability looks limited to Nov - Mar 6th. CLE-HND is more miles (69.6K BE, 85K Main RT), but it has availability in early September. Revenue RT fares are $1031 BE, $1353 Main. Also has availability for next March/April.
Last edited by xliioper; Jun 8, 2023 at 6:09 am
Jun 8, 2023, 11:26 am
#5540
Join Date: Jul 2011
Location: LAX
Programs: Delta Sky Miles Silver, United Mileage Plus Silver, Hilton Honors Diamond
Posts: 37
Jun 8, 2023, 9:58 pm
#5541
Join Date: Feb 2007
Location: Atlanta
Programs: Delta Death March, Hyatt Globalist, IHG Plat, Marriott/Hilton Gold Life
Posts: 1,547
I heard from a birdie that Delta is (was) doing these down-low (not widely promoted) deals to get all the pent-up skymiles off their books. Folks have just enough for 2-4 people at the lower price, but not the full price. So they’re not using them.
Wall Street is going to start asking questions about liabilities and … this will come up.
It appears to be working.
Wall Street is going to start asking questions about liabilities and … this will come up.
It appears to be working.
Jun 9, 2023, 8:48 am
#5542
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 23,063
I heard from a birdie that Delta is (was) doing these down-low (not widely promoted) deals to get all the pent-up skymiles off their books. Folks have just enough for 2-4 people at the lower price, but not the full price. So they’re not using them.
Wall Street is going to start asking questions about liabilities and … this will come up.
It appears to be working.
Wall Street is going to start asking questions about liabilities and … this will come up.
It appears to be working.
Jun 9, 2023, 1:19 pm
#5543
Join Date: Feb 2007
Location: Atlanta
Programs: Delta Death March, Hyatt Globalist, IHG Plat, Marriott/Hilton Gold Life
Posts: 1,547
The liability adds up. Delta maybe has $2-3 billion steady state, but it may have ballooned to $5-6bn now.
Not sure - haven’t looked at investor talks or footnotes. And it’s complicated.
https://www.sec.gov/Archives/edgar/d...7099dex991.htm
https://www.sec.gov/Archives/edgar/d...828/ex99-2.htm
Jun 9, 2023, 2:22 pm
#5544
Join Date: Apr 2022
Posts: 3
Just to clarify, you are referring to skypesos balances sitting in people's skymiles accounts as the liabilities, right? I suppose that makes sense.
Jun 9, 2023, 2:55 pm
#5545
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 23,063
They are recorded on the books as a liability under "Loyalty Program Deferred Revenue" and it currently sits at about $8B. In addition to reducing liability through award redemptions, they use statistical models to estimate "breakage" (miles that will never be redeemed) and remove those from balance as well.
Jun 9, 2023, 2:57 pm
#5546
Join Date: Feb 2007
Location: Atlanta
Programs: Delta Death March, Hyatt Globalist, IHG Plat, Marriott/Hilton Gold Life
Posts: 1,547
They are recorded on the books as a liability under "Loyalty Program Deferred Revenue" and it currently sits at about $8B. In addition to reducing liability through award redemptions, they use statistical models to estimate "breakage" (miles that will never be redeemed) and remove those from balance as well.
And makes sense esp. with people becoming free agents and saying screw you to AA UA DL as exclusive carrier.
Jun 9, 2023, 6:35 pm
#5547
Join Date: Sep 2009
Location: HNL
Programs: DL PM/1MM, BW DE (lifetime), HH DE, Marriott PE (lifetime), National Emerald Executive
Posts: 7,205
They are recorded on the books as a liability under "Loyalty Program Deferred Revenue" and it currently sits at about $8B. In addition to reducing liability through award redemptions, they use statistical models to estimate "breakage" (miles that will never be redeemed) and remove those from balance as well.
The recent massive devaluations alone have reduced the value per mile several fold.
Jun 16, 2023, 12:17 pm
#5548
Join Date: Feb 2008
Location: Auckland, NZ/New York, NY/ATL
Programs: DL DM MM, BIS 2.4MM, EK Gold, SQ Gold, Marriott Gold, HH Gold,
Posts: 5,223
I think they fixed the "loophole" of departing from Mexico to OZ/NZ/Asia for less miles. I ran a quick search of MEX to SYD through EOS and see nothing less than 435k one-way.
Last edited by DLATL777; Jun 16, 2023 at 12:31 pm
Jun 16, 2023, 12:38 pm
#5549
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 23,063
Still seeing one-ways to TPE and SIN from 90K. Look to be limited to awards involving CI metal.
Jun 16, 2023, 12:41 pm
#5550
Join Date: Feb 2008
Location: Auckland, NZ/New York, NY/ATL
Programs: DL DM MM, BIS 2.4MM, EK Gold, SQ Gold, Marriott Gold, HH Gold,
Posts: 5,223