It is kinda crazy that nobody is talking about a non-minor devaluation that has been published for quite a while now.

On AC site a new line is added that says:
"As of June 1, 2026, we’re making a few changes to the number of points you may need to redeem for a reward."

You can find the new PDF here.

Entertaining that it implies that AC can somehow predict the future: "Median amounts are based on member redemptions with Air Canada and select partners from January 2025 through December 2026."

Some changes are positive, like reducing certain Y costs, but most changes are negative, one of the worst is NA-Pacific zone band 3. It is a whopping 102500 miles in J now. It is wild that YVR-TPE-BKK now costs more than YVR-DEL. Various other minor devaluations can be found too, like NRT-PER going from 45k to 52.5k in J. Feel free to spot the difference and let others know.

The end is nigh.

Would anyone notice with the variable pricing?



Fly further, pay more?
A map from the Great Circle Mapper - Great Circle Mapper

So am I reading this right that SIN to EWR would now be 102,000 points?

Just used to seeing things like ICN-DEL-YVR being 87500 miles haha. Sad to see even AI is kinda losing its position as a backup plan.
And yes, I think we would notice it, as at least you would be able to spot a 87.5k from a mile away in a sea of 300k options, now everything will be 6 figures and it will be a nightmare to sift through with mixed cabins.

absolutely awful change for NA-Pacfic 7501 - 11000 band, more than a 17% increase from 87.5k to 102.5k..

5000 point increase (70000->75000) in Atlantic zone 2 I'm usually booking. That's 7.14 %.

Hardly surprising. Although it's called "rewards", they are not "free" flights, it's just another way of paying.

This sucks. Does this apply to bookings made for post June 2026 ahead of then?

No, current rates would apply, but if you make any voluntary changes after 6/1 then I’d expect the new rates to apply.

Given that all of the redemption pricing is Dynamic and seems to roughly follow the Cash Prices does this even matter?

Have the "Starting at" rates gone up? If so, then I agree it's a devaluation. If not, then like it's been for years now YMMV and you have to hunt and peck for decent redemption valuations.

If only there were a Cowtool that could help us easily search for the lowest redemption rates over a span of time.

Yes, it matters for those of us who redeem for fixed-rate, non-dynamic awards on the majority of partners airlines.

Yuck, I do this exact redemption on a yearly basis.

Y'all are mad, here i am just happy it didn't turn fully dynamic lol

Nothing too outrageous, just a natural progression of devaluation... It's probably holding up better than currency inflation over the years.

fixed reward availability is still the biggest "issue". (Oops, forgot to account for image compressionl)
Just put the two PDF side by side yourself:
Current: https://www.aircanada.com/content/da...s-chart-en.pdf
New : https://www.aircanada.com/content/da...une2026-en.pdf


Notable changes:
Median business class redemption is ~500-1000 points higher within North America. Probably due to changes in their internal point/dollar valuation and we should see that across all zones.
TATL business class is 5000 pts more in 4000-6000nm bracket, 20k more in First class (Those are already very hard to come by)

Within Atlantic zone actually got cheaper !? it's 2500-5000 pts less in business class, although it would be hard to fine one over 4000+ miles.

Glad that someone mentioned currency inflation, as I was thinking about it too. The exact math may differs, but overall my impression is that despite the inflation in terms of number of points, reward bookings are actually getting "cheaper".

Compared to 10 years ago, points are much easier to acquire via credit cards and promotions. Most importantly, you no longer have to spend time to plan and sit on an airplane to earn points, and time is often the biggest premium. In this regard, point costs less now.

And frankly, points are becoming more valuable too. While we complain about dynamic pricing, let's not forget that back then it was almost impossible to find I class on YYZ-YVR. Unless you just wanted to enjoy the flights, it was extremely difficult to plan a "normal" vacation based on the limited availabilities of I class or even X class, and you were often stuck with multiple connections or undesirable flights. Points that cannot be redeemed have a value of zero, but now AP points are much more liquid.