This year American is offering to extend Gold or Platinum status through February of 2010 for those that didn’t requalify for a hefty fee. The pricing is two tiered based on how close you got to status this year. Gold members that earned less than 20,000 miles or 24 segments would have to pay $449, while Gold members that flew more would pay $339. The fees to renew Platinum are $200 more.
Certainly no bargain, but I guess this could be worthwhile in certain situations, especially since American is now charging for elite challenges.