Use of Virgin Atlantic Miles

Old Aug 18, 20, 6:26 pm
  #1  
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Use of Virgin Atlantic Miles

So we have around 90K miles with Virgin Atlantic and have heard stories about it going bankrupt. Is it advisable to use those miles for travel for the future? I am thinking of using Delta Flights via their miles. But curious if Delta will honor the trip if say Virgin Atlantic goes belly up.
Thx.
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Old Aug 19, 20, 3:56 am
  #2  
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Originally Posted by travelnewbie View Post
Is it advisable to use those miles for travel for the future?
What else were you going to use them for? If you had some other purpose in mind, then perhaps now is the time to use them for that purpose.

it is never a good idea to allow miles to sit in an account for extended periods...
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Old Aug 19, 20, 9:21 am
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Opinion is divided over:
a) whether VS will go bust (or not)
b) whether if VS go bust, any award bookings using VS miles (even on DL) will be honoured (or not)

We can argue at length about that, but no one really can be sure :-)

If you are in the UK, as far as I can see the only PHYSICAL thing you can convert VS miles to is booze, by converting VS miles to Virgin Wine club vouchers (who do beer & spirits too, not just wine). It's not a particularly attractive transaction in terms of /mile, but you do at least get a physical product in hand, rather than having flight bookings or any other kind of points or vouchers which may or may not evaporate in the future.

Another option that might be "safer" is that you can also convert VS miles to IHG points and Hilton Honors points. Again, conversion rates are only moderately attractive, but if you are in the "VS will go bust" camp, then at least you've moved across to a lower risk vendor, and hotel points can generally be spent domestically (depending again on which country you live in.)

Last edited by beardedgeologist; Aug 19, 20 at 9:33 am
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Old Aug 20, 20, 4:04 am
  #4  
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VS are not going bankrupt.

They are taking legal and financial measures to make sure they don't.
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Old Aug 21, 20, 2:34 am
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Originally Posted by UKtravelbear View Post
They are taking legal and financial measures to make sure they don't.
Every airline that ever went bust took legal and financial measures to "make sure" they didn't, either....

I'm not saying that VS will go bankrupt, but I just wanted to dispel any fantasy that suggests that might suggest that there are always* legal and financial steps that can be taken that can suspend the relentless and merciless workings of the travel industry, or to override challenging operating conditions.

No legal or financial maneuverings are likely to bring about a sustained recovery in VS's passenger flows for the foreseeable future, so further steps may be necessary to put it on a more secure longer-term footing.

There is no doubt that all airlines - and not just VS - are facing into very bleak short-term futures. Not all will survive, at least not in their current forms.

(*there is one exception to this rule: Alitalia - but it comes at enormous cost to the Italian taxpayer, and VS will not be allowed to suckle on the state teat in the same manner)
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Old Aug 21, 20, 3:29 am
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What would be the position with Travel Insurance? Given that reward flight can be changed for 30 it might be worth booking flights to places you would like to go ant times you would like to go? Thereby keeping your FC balance low and in the event anything were to happen to VS you could claim on your travel insurance for equivalent flights? Not ideal.
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