Time to reprice award travel
Jun 29, 2008, 3:22 am
#91
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What's the point of this "bump up" less than 10 hours after the prior post?
And entertaining notion, but wrong.
DL - and others - have been accused of reducing award capacity for years before this latest crisis. And they may very well have done that. But that's simply irrelevant; they're merely giving away less, but still at way-below-value prices. That's an OK strategy - maybe - in a strong economy, but an express ticket to the corporate junkyard in '08.
DL - and others - have been accused of reducing award capacity for years before this latest crisis. And they may very well have done that. But that's simply irrelevant; they're merely giving away less, but still at way-below-value prices. That's an OK strategy - maybe - in a strong economy, but an express ticket to the corporate junkyard in '08.
Last edited by GUWonder; Jun 29, 2008 at 3:28 am
Jul 2, 2008, 3:22 pm
#92
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http://www.ajc.com/business/content/...ers_react.html
"This certainly defines again that there's no free lunch anymore," said Randy
Petersen, editor of Inside Flyer magazine in Colorado Springs, Colo.
Amen to that.
"This certainly defines again that there's no free lunch anymore," said Randy
Petersen, editor of Inside Flyer magazine in Colorado Springs, Colo.
Amen to that.
Jul 2, 2008, 4:29 pm
#93
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Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
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http://www.ajc.com/business/content/...ers_react.html
"This certainly defines again that there's no free lunch anymore," said Randy
Petersen, editor of Inside Flyer magazine in Colorado Springs, Colo.
Amen to that.
"This certainly defines again that there's no free lunch anymore," said Randy
Petersen, editor of Inside Flyer magazine in Colorado Springs, Colo.
Amen to that.
If there's been a free lunch for anyone till now in this FFP game, it's been the airlines who have wanted to have their cake and eat it too. In other words, the airlines sold (and continue to sell) miles faster than they can deliver on those miles in the manner most prominently marketed at the time they were credited to the frequent flyer program member accounts.
It's the airlines that have been using FFP as a free lunch far more than consumers. Remember that it's the airlines which have been marketing funny money (in the form of FFP miles) to bring in real money ... all while holding out the carrot of future "free" travel and delivering like a Ponzi scheme. However, now the Ponzi-scheme mafia is being pressured by the Big Mob Bosses to make up even more for losses in the rest of the Mafia empire than they have already been doing for years now. And so the Ponzi scheme mafia, like good little mafiosos, is following orders and doing a shakedown of most of the Ponzi scheme participants. [Note that eventually Ponzi schemes collapse and that the more extreme the Ponzi scheme mafia shake down of previously good participants the more suspicious those customers become and the faster and harder the house of cards falls.]