At the end of the day frequent flyer programs are lucrative businesses in and of themselves, so the airlines would be dumb to mess with them too much. They literally control every aspect of the currency — they control how many points are issued, how many points it takes to redeem for something, and even the inventory which can be redeemed for.
But if I’m being perfectly honest, I’m feeling less optimistic about this hobby than ever before, and it’s mainly a function of so many negative changes happening at once. Individually I wouldn’t think twice about them, and would just chalk it up to “evolution” in the hobby, but together they’re a bit tougher to swallow.
What am I talking about?
Let me start by explaining how I earn miles. Unlike others, I don’t do “manufactured spending.” I find that for the most part it’s only marginally “profitable,” so it’s not really something I do.