UPDATE: Via Twitter, BA has denied changes are forthcoming: “Our fares are always under review but we aren’t aware of any changes to our award chart.”
Don’t panic, but a devaluation may be imminent. Read Gary’s post for the details and then figure out what to do. I’m not saying you should burn every last mile, but if there are any trips you’ve been thinking about booking, you might want to go ahead and do it.
As luck would have it, I booked my last Avios ticket of the year yesterday, so I’m done for a while. But if you’re following the points-n-miles bloggers on Twitter, you’re seeing a lot of vacations being booked.
Do I think they’re about to devalue? It’s not a certainty, but given that Iberia just changed their program I’d be surprised if BA didn’t do the same thing. Gary’s judgment is pretty good, too. We’ll see what happens.
In any case, it’s a reminder not to get too comfortable in any loyalty program. Earn and burn.