The June issue of Inside Flyer runs a cover story on the value of miles, how to think about when to use them, and what value to expect back in return for those redemptions.
We agree on most points. Delta Skypesos are the least valuable major mileage currency in North America. United’s Starnet blocking is a huge detriment to the value of their mileage. International premium cabin awards are the best use of miles, though they aren’t ‘worth’ for most people the sticker price that airlines charge for paid versions of the same itineraries.. We both like Aeroplan.
Our disagreements? Lucky thinks miles have gotten less valuable because of award chart inflation (a fair point) while I think that on the whole they’ve gotten more valuable because they’re easier to earn and alliance awards have come about and become more robust (with addition of new partners).
What say you — are miles worth more or less than they were five and ten years ago?