United did not touch the cost of an economy
class award redemption in the U.S., which remains at 25,000 miles, and it continues to offer one - way award redemptions, unlike some other majors.
Not exact matches
The table above does not include (i) 5,952,917 shares of
Class A common stock reserved for issuance under our 2015 Incentive
Award Plan (as described
in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486 shares of
Class A common stock issuable upon exercise of options to purchase shares of
Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers,
in connection with this offering as described
in «Executive Compensation — Director Compensation» and «Executive Compensation — New Equity
Awards,» and (y) 3,263,431 additional shares of
Class A common stock reserved for future issuance and (ii) 24,269,792 shares of
Class A common stock issuable to the Continuing SSE Equity Owners upon
redemption or exchange of their LLC Interests as described
in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
The number of shares of our
Class A common stock outstanding after this offering as shown
in the tables above is based on the number of shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed
Redemption, and excludes 5,952,917 shares of
Class A common stock reserved for issuance under our 2015 Incentive
Award Plan (as described
in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i) 2,689,486 shares of
Class A common stock issuable upon the exercise of options to purchase shares of
Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers,
in connection with this offering as described
in «Executive Compensation --
The number of shares of our
Class A common stock outstanding after this offering as shown
in the tables above is based on the number of shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed
Redemption, and excludes shares of
Class A common stock reserved for issuance under our 2015 Incentive
Award Plan (as described
in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i) shares of
Class A common stock issuable upon the exercise of options to purchase shares of
Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers,
in connection with this offering as described
Except for Melbourne, the
redemption rates for economy, business, and first
class awards from the U.S. to major cities
in eastern Australia will require the same number of Japan Airlines Mileage Bank miles.
Awards redeemed
in this way can garner a $ 0.02 / point value or more, which you will get with business and first
class redemptions.
The most common
award redemption is a domestic flight for 25,000 miles round trip
in economy
class.
This is one decent first
class redemption that is still left
in American Airlines»
award chart after the 2016 devaluation.
However, adding a short - haul economy flight to a long - haul business or first
class flight may, as
in my example, drastically reduce the number of Iberia Avios required for your
award redemption.
Countries Visited: 84 Favorite First
Class: Emirates A380 Suites Favorite Business
Class: Delta One Suite Business
Class A350 Best
Redemption Value: The one - way 12,500 mile Delta
awards to Alaska
in the summer.
Do note that Flying Blue's best
award redemptions tend to be
in economy
class vs business and offer low rates to places like Hawaii, Central and South America, and even Europe at costs less than many of their partner airlines included Alaska or Delta.
The
award chart shows the same
redemption level — 15,000 miles — for all round - trip intra-Japan flights
in economy
class, no matter the distance.
United's current business
class award redemption rate is 57,500 miles (though this is changing
in November with MileagePlus» most recent devaluation), and will usually be through either Amsterdam or Brussels.
Etihad also presents a wealth of opportunities, including Etihad's own first
class redemptions,
redemptions on American at the old, pre-devaluation levels, as well as the cheapest transatlantic business
class award seat
redemption in the world.
AeroMexico offers tremendous value for
award redemptions all over the world, and the best way to redeem AeroMexico Miles is
in Business
Class.
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.
With a load factor of 84 %, the carriers are constantly tweaking the cost of
award flights by either raising
redemption levels or reducing the saver
award inventory, especially
in first and business
classes.
And that 100,000
award in business
class is also one of the best
redemption rates to get to Europe
in business
class — it beats out all of the rates from major US airlines and competes with some of the best available
redemptions (fees may be around $ 250).
Virgin Atlantic has great
award redemption values for flights between the U.S. (especially Eastern U.S.) and Europe
in both
classes, economy and business, although outrageous Heathrow Airport fees and fuel surcharges
in Upper
Class make business class TY redemptions on Virgin a less attractive op
Class make business
class TY redemptions on Virgin a less attractive op
class TY
redemptions on Virgin a less attractive option.
Remember that United's
award redemptions for first
class and business
class seats are some of the most expensive
in the game.
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.
80,000 Starpoints (which will convert to 100,000 JAL Miles) for a roundtrip First
Class award in one of the better First
Class cabins around can be a great
redemption.
If you need to look
in a higher
redemption class, see if you can get an
award ticket for the same or fewer points by moving up a
class of service.
Though I'm primarily discussing economy
redemptions here, I also wanted to mention that booking through Virgin Atlantic, you can get first -
class award tickets for domestic travel
in the U.S. for an absolute steal: just 45,000 miles.
Yesterday American Airlines announced a huge number of changes to their AAdvantage loyalty program, including much higher
award prices for their most valuable
redemptions in business and first
class.
Even with recent devaluations to the United MileagePlus loyalty program, that remains a good value for several types of
award redemptions, particularly
in international business
class.
This means that there can be some great value to be had if you select the right
redemption options — like Cathay Pacific
in Business or First
Class between Europe and Asia (not a hard
award to find), LAN Business
Class from the US to South American and Korean Air Business
Class between the US and Asia.
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.
If American doesn't alter the cost of Economy or Business
Class awards then, depending on how Premium Economy is squeezed
in, there could be some very good value
redemptions to be had (Premium Economy if the premium over Economy
Class is low or Business
Class if the premium over PE is low... it will be one or the other).
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.
As stated,
award availability for (saver) business
class to New Zealand on United is not great and you'll need to book far
in advance if you want to even have a chance to snag
redemptions with business
class seats between the US and Australia / New Zealand.
In general, JMB has a generous
redemption scheme, but unfortunately they are going to devalue the program for premium
class award redemptions after November 1, 2015.
On the other hand, a business
class Travel Together Ticket
redemption between Seattle and London
in August (the earliest I was able to find
award space) would cost 150,000 Avios and $ 2,514, while two paid tickets would cost $ 8,093, giving you roughly 3.7 cents per Avios.
Korean Air has a competitive business
class point
redemption shown on their Skyteam North American
Award Chart, so I knew we would be
in for an incredible experience.
Keep
in mind changes were expected as some of the
awards were dirt cheap compared to other airlines especially for Business and First
class redemptions.
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.
US Airways» best
redemption is their roundtrip
award from the US to North Asia
in first
class for 120,000 miles.
Using ExpertFlyer.com I can see that,
in the first week the A380 begins service to London, there are 3 First
Class seats available for
award redemption on almost every day — and
in both directions!
Also, if you're interested
in business
class or first
class award redemptions, you're going to have to spend much, much more on your Capital One Venture card than on a card like the Chase Sapphire Preferred to earn anywhere near the miles needed for those
redemptions.
Though Miles & More
awards carry high fuel surcharges, their
redemption rates are relatively comparable to the main domestic airlines, though occasionally with a bit of a discount, such as 50,000 miles for round - trip flights between the U.S. and Europe
in economy
class.
So
in some instances, business
class redemptions are cheaper per the new
award chart.
Some of the best include the following: United Airlines, which opens up access to the huge Star Alliance network of carriers; British Airways, offering great value on short - haul nonstop flights due to their distance - based
award chart; Korean Airlines, with amazing
award availability
in their first
class cabins; and Hyatt, which is widely recognized as offering some of the highest value point
redemption opportunities of any hotel chain.
Per the current
award chart, you would need 87,125 miles (after 15 % discount for online
redemption's) and INR 22,728, which includes INR 18,102
in carrier surcharges for a one way
award in Suite
class.
Instead of having a pretty straight forward distance based
award chart with
redemption rates by fare
class for economy, Economy FlexyFlyer, Premium Economy and business
class tickets, PAL introduced multiple
award levels for each fare
class:
In addition to the Standard Economy
awards, there are no Flex 1, Flex 2, Flex 3 and Flex 4
awards.
With the introduction of so many different
award classes, the miles needed for an
award have changed drastically: Some of the «Standard»
awards have dropped by more than 20 % — that was to be expected as all the routes
in question have offered very cheap economy fares over the last year, making a
redemption on these routes generally unattractive.
While many frequent flyers use Lufthansa miles to get into their (and Swiss) first
class cabins without waiting until the last minute, as Lufthansa doesn't release first
class awards to partners until very close to departure, first
class redemptions with Miles & More can
in many cases be the worst value
awards because of fees.
On the
redemption side, the program offers very cheap short - haul
awards (as low as 4,500 miles
in economy or 9,000
in business
class), thus perfect for domestic flights within Japan (with no taxes!)
On the
redemption side, the
award chart to / from Europe isn't too bad (62,500 miles for a transatlantic one - way
in business
class) and you get access to much better availability on AF / KL's own flights that when booking with Delta.
Similar to the option between Houston and Moscow, this is another
award redemption that has become a great value since Singapore started opening up saver
award space
in their new first
class.
Since then Lufthansa has full - on stopped releasing first
class award space more than a couple of weeks before departure, eliminating quite a few
redemption opportunities
in advance.