Via Flyertalk, there are some great fares to Europe on American Airlines (as Iberia codeshares), such as JFK – Paris for $288 roundtrip, all-in.. slightly less to Milan.. and DC to New York to Madrid for about $350.
Dan’s Deals has written up the fare as well:
Bookable on Travelocity.
This is valid for many dates. Post the ones you find! And be sure to post if you find other valid cities!
Sample valid dates: 03/24/11-03/29/11.
JFK-Milan is $251 with tax for those dates.
JFK-Brussels is $283 with tax for those dates.
JFK-Paris is $291 with tax for those dates.
The flight is sold as an Iberia codeshare, but it will on AA.
Now, the codeshares are a bit annoying as I don’t expect them to earn full mileage. Iberia flights between the US and Spain earn 100% miles on discounted fares, but if you fly say New York – MIlan on American Airlines but with an Iberia flight number it may be treated as an Iberia flight that isn’t to Spain and give only 30% miles.
Still, it’s a cheap way to Europe and back for anyone in New York and potentially from other East Coast cities as well.