Use miles now, or save for the future?

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Oct 24, 2011 | 2:18 pm

#31

Recreation

Join Date: Aug 2005

Location: Cincinnati, OH

Programs: Starwood Gold, HiltonHHonors Silver, Marriott Silver, Delta SkyMiles

Posts: 1,784

My rule for Euchre and burning miles is the same: Smoke 'em if you've got 'em.

Oct 24, 2011 | 5:59 pm

#32

belfordrocks

Join Date: Dec 2009

Posts: 5,443

Of all miles, AA miles are probably the most volatile out of the big 4 carriers. UA/CO/US aren't as generous as AA and aren't as financially insecure, so an impending devaluation is pretty likely.

Oct 24, 2011 | 6:05 pm

#33

iamthehpt

Join Date: Dec 2007

Location: DFW

Programs: AA Lifetime Platinum, Hyatt Plat Hilton Gold, SPG Gold, Club Carl Gold, IHG Plat

Posts: 1,002

Quote:

Originally Posted by belfordrocks

Of all miles, AA miles are probably the most volatile out of the big 4 carriers. UA/CO/US aren't as generous as AA and aren't as financially insecure, so an impending devaluation is pretty likely.

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I would argue AGAINST an impending AA devaluation because of AA's alleged financial insecurity. AA will want to keep their frequent flyers loyal in the face of a potential bankruptcy/reorg and should (IMO) keep their program as is for the next year or two. I'll be sure to tell AA this when they contact me to get my opinion.

Oct 24, 2011 | 11:04 pm

#34

drbobguy

Join Date: May 2011

Posts: 669

Still, AA miles are a risk, whereas UA/CO just updated their award chart this summer and just recently announced how earning will work after Jan. 1, so it's reasonable to expect that to stay the same for at least a couple years.

Oct 25, 2011 | 8:05 am

#35

johndeere19

Join Date: Sep 2009

Programs: *G, SPG, OW Sapphire

Posts: 2,568

Quote:

Originally Posted by drbobguy

I'm on the fence on this. The truth of the matter is that none of us really know what's going to happen. I believe that we won't see an AA devaluation for a while simply because they need to stay competitive and their entire FF program is the one thing they have going for them right now.