Well, the «glory days» have now come to an end — as of today, Alaska Mileage Plan redemptions for Emirates have skyrocketed, with first -
class award increases jumping as high as 100 %.
See how the price for a business
class award increases with the new rules.
Though the 2013 Flying Blue devaluation made flying in economy much easier, the number of miles required for first
class awards increased as much as 80 percent on some routes.
On top of that Virgin also changed the number of miles needed to book awards on Delta with Economy Class awards generally decreasing in cost but some Business
Class award increasing in cost by over 70 %.
Not exact matches
The Board or the HRC or the GNC may modify, suspend, or terminate the LTICP but may not, without the prior approval of our stockholders, make any change to the LTICP that
increases the total amount of common stock which may be
awarded (except to reflect changes in capitalization),
increases the individual maximum
award limits (except to reflect changes in capitalization), changes the
class of team members or directors eligible to participate, extends the duration of the LTICP, reduces the exercise price of or reprices outstanding stock options or stock appreciation rights, waives the LTICP's minimum time period requirements for vesting and lapse of restrictions for restricted stock or RSRs, or otherwise amends the LTICP in any manner requiring stockholder approval by law or under the NYSE listing requirements.
on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of
Class B common stock and the conversion of Series FP preferred stock into shares of
Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the
increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of
Class A common stock and
Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of
Class A common stock and 5.5 million shares of
Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO
award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
shares by which the share reserve may
increase automatically each year, (3) the
class and maximum number of shares that may be issued on the exercise of incentive stock options, (4) the
class and maximum number of shares subject to stock
awards that can be granted in a calendar year (as established under the 2017 Plan under Section 162 (m) of the Code), and (5) the
class and number of shares and exercise price, strike price, or purchase price, if applicable, of all outstanding stock
awards.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of
Class B common stock and the conversion of Series FP preferred stock into shares of
Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the
increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of
Class A common stock and
Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of
Class A common stock and 5.5 million shares of
Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO
award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
The proportion of the graduating
class passing all four MEAP tests and winning a merit
award increased by 7 percent from 2000 to 2002.
Adamowski, Vallas, Fischer in New London, Kishimoto — they are leading the charge to
increase segregation in schools; to deprive poorer children of art and music (an
award - winning Middle School music program at Windham Middle School is currently languishing, with students not allowed the time to take what used to be daily music
classes — more test prep, more test prep); to turn schools over to for - profit companies and mercenary non-educators from TFA and Broad — but all roads lead back to Hartford.
«Kia's world -
class lineup continues to earn quality, reliability and safety
awards at an
increasing rate and these IIHS Top Safety Pick Plus ratings for Soul and Sportage reflect Kia's continuous improvement and effort to improve all aspects of safety,» said Orth Hedrick, vice president, product planning, KMA.
These rates
increase to 30,000 / 60,000 miles for
awards booked in premium economy, and 40,000 / 80,000 miles for business
class flights.
As well, some regions such as South Asia have seen big
increased on all business
class award.
While this is more of an issue with first
class award space, you should also note that the Asia Miles program does have
increased access to
award space for business
class.
The
increases to United first
class awards are less of a concern since it is slowly being phased out in favor of their new Polaris business
class product.
While Saver level domestic first
class awards will continue to cost 25,000 miles one - way in the continental U.S. and 40,000 miles one - way to Hawaii, routes with premium service are seeing
increases.
While economy
class awards aren't changing much, there will be some significant
increases in the cost of business and first
class awards on American Airlines» partners — flights on American Airlines have their own
award chart.
Aside from those, however, the
increase in price to international business
class saver
awards are not terrible at all.
And the
increases here are nothing like we've seen in cases involving some of the other top first
class cabins like Alaska's overnight nuking / devaluation of Emirates
awards, which drastically altered possibilities for aspirational redemptions.
For example, economy
awards between the U.S. and Hawaii
increase from 40,000 to 45,000 miles; and business
class awards on United between North America and Europe go from 100,000 to 115,000 miles.
All
increases are being made to refundable coach and first
class awards or discounted first
class awards.
There have been smaller
increases for
award travel in business
class and no
increases for
award travel in economy
class.
Yes, British Airways did push through a massive
increase in their premium
class redemptions, affecting most of their business
awards and all of the first
class ones.
Award price
increases for business
class were similar to those on United metal, with many regions
increasing by 5K miles each way.
Most Business
Class (Delta One)
awards are
increasing with
awards to / from the West Coast skyrocketing by up to 72 %
After rolling out a new A380 First Suite and Business
Class,
increasing the amount of KrisFlyer miles needed for many flights and making StarAlliance
award bookings available online, my favorite airline is changing Economy
Class fare categories and the KrisFlyer
award miles you earn!
Alaska Airlines
increased the cost for business and first
class awards on flights with their partner, Emirates.
Though economy
award remain the same for both, to get to Oceania, you'll be paying 150,000 miles instead of 120,000 miles in business, and a whopping 220,000 miles instead of 150,000 miles in first
class — an
increase of 70,000 miles!
Economy
awards will remain 60,000 miles roundtrip, but business
class awards are
increasing 40 % to 140,000 miles, and first
class awards are up to 220,000 miles — up 85,000 miles or 63 %!
The cost of a Business
Class AAdvantage
award between the US and London has
increased from 50,000 to 57,500 miles each way.
As far as the regular Economy
Class MilesSAAver
awards go, the
increase to Hawaii is once again the stand out devaluation, but the small
increases to economy
awards to other locations aren't too bad.
Ironically while it's the First
Class awards which have seen the biggest
increases in miles required, they are also the
awards that probably matter the least.
American have continued their assault on
award redemptions to Hawaii by implementing a 40 %
increase in the number of miles needed for a Business
Class ticket but, in the case of partner
awards, this doesn't make much difference as most people would be flying to Hawaii on American Airlines and not a partner airline anyway.
Once again it's the Europe - Hawaii route that sees the biggest hit with an incredible 40 %
increase in the number of AAdvantage miles needed for a Business
Class award.
One - way Business
Class awards between Europe and the Middle East will cost 42,500 AAdvantage Miles (an
increase of 42 %) and First
Class awards will cost 62,500 (an
increase of 56 %).
The 56.3 %
increase in miles needed for a First
Class redemption between Europe and the Middle East / Indian Subcontinent is a hammer blow to anyone wanting to book Etihad's First
Class cabin and, at 230,000 AAdvantage miles for a round trip First
Class award to Australia on Qatar Airways, that
award just became a whole lot harder to achieve.
Another 30,000 miles (25,000 transferred Starpoints) would get you a one - way flight from Europe in Lufthansa first
class, with
increased access to
award seats compared to redemptions of partner
award miles.
While the cost of some AAdvantage
awards will only be
increasing by around 10 %, the more aspirational
awards (e.g. Etihad First
Class) are
increasing by 40 % -60 %.
As well as that, any airline or alliance that I choose to fly also needs to be one that regularly offers good deals on the routes I want to fly — as the airlines around the world gradually
increase the cost of
award travel it's becoming increasingly important, for those of us with a healthy aversion to Economy
Class, to be able to find great value Business
Class fares to keep our flights comfortable.
Some
award price
increases on Economy
Class awards if traveling in Peak Season and originating in the UK or Europe
Business
Class awards on flights under 650 miles will be going from 9,000 Avios to 15,00 o Avios (66.67 %
increase) and First
Class awards on the same flights will now cost 30,000 Avios (another 66.67 %
increase).
Award levels will
increase dramatically, especially for business and first
class travel.
Most Economy
Class flyers are seeing no
increase in their mileage earnings and yet will have to deal with
award cost
increases of up to 72 % (ouch) while those who earn most of their miles from shopping or credit card churning will also suffer in the same way.
If you earn most of your miles from flying in Business
Class / First
Class then there's a good chance that the new higher mileage earning rates will mostly offset any
increases in
award costs (discounted Business
Class will now earns 50 % more miles while, where
award costs have gone up they've done so by between 6 % and 72 %)
American and the other airlines are also
increasing the miles needed for some
award tickets, especially those in business and first
class.
Delta furthered its own string of unannounced devaluations by drastically
increasing the
award price of business
class flights to and from India.
Most destinations from the west coast to Paris (CDG) or Amsterdam (AMS) will also see a substantial
increase of 8,500 to 9,500 miles for business
class awards which means
awards that were previously 62,500 miles will be 71,000 or 72,000 miles.
Business
Class awards will only
increase by 2,500 miles between India and USA (48 states) which is not bad.
Transcontinental First
Class awards (NYC — LAX / SFO)
increase each way from 32,500 miles to 50,000 miles.
A business
class MileSAAver
award to Hawaii rises from 37,500 to 40,000, while one to Europe
increases from 50,000 miles to 57,500, and one to the South Pacific jumps from 62,500 to 80,000.