Is Your Frequent Flyer Program About to Get a Whole Lot Worse?

Discussion in 'Other Airlines | North America' started by Newscience, Mar 1, 2014.  |  Print Topic

  1. Newscience

    Newscience Gold Member

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    Is Your Frequent Flier Program About to Get a Whole Lot Worse?

    Dan Caplinger
    March 1, 2014
    The Motley Fool

    Many people have a huge investment in their frequent flier programs, having spent years accumulating miles for a long-awaited trip. But with Delta Air Lines (NYSE: DAL ) changing its frequent-flier program rules, many fear that their miles might be at risk and that they won't get the full benefits they're used to receiving in the future....

    This article includes a video interview with Dan Caplinger, the director of investment planning for The Motley Fool, where he discusses the recent changes to the Delta Airlines frequent flyer program, and the potential impact upon similar programs at United Airlines and American Airlines.

    Read this article and watch the video at:

    http://www.fool.com/how-to-invest/p...equent-flier-program-about-to-get-a-whol.aspx
     
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  2. gregm

    gregm Gold Member

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    Apparently, yes
     
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  3. Wandering Aramean
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    Wandering Aramean Gold Member

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    Anyone who has treated these programs as an "investment" probably deserves what is happening. They are not long-term plays and never should be treated as such.
     
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  4. gregm

    gregm Gold Member

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    The only investment referenced is time!!
     
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  5. Wandering Aramean
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    Wandering Aramean Gold Member

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    By whom?

    The lede to the story talks about investing in the programs and I'm quite certain it implies more than just time.
     
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  6. gregm

    gregm Gold Member

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    Read the first sentence again...Many people have a huge investment in their frequent flier programs, having spent years accumulating miles for a long-awaited trip.
     
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  7. gregm

    gregm Gold Member

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    Here is the first paragraph:

    Many people have a huge investment in their frequent flier programs, having spent years accumulating miles for a long-awaited trip. But with Delta Air Lines (NYSE: DAL ) changing its frequent-flier program rules, many fear that their miles might be at risk and that they won't get the full benefits they're used to receiving in the future.
     
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  8. Wandering Aramean
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    Wandering Aramean Gold Member

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    Just being a member for years doesn't accumulate any miles. So if the only thing they've invested is their time as a member then they have no miles and have lost nothing. Moreover, Delta has not yet actually changed their award charts so nothing invested so far is lost (nor gained) yet.

    I know how to read. I also know how to form a critical opinion and I understand quite well how the programs work and what is happening so far.

    And I'll say again, anyone who considers FF programs an investment is making a massive mistake and should not be surprised when the bottom falls out of their "investment" portfolio.
     
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