Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Consumer
Flying this summer Plan ahead
MADISON Wis. (6/9/10)--Planning to fly this summer? Expect full flights, higher prices, delays, and a difficult time using frequent flyer miles. The number of first-class, business-class, and economy class travelers is up more than 7% from a year ago, and those increases are in no way being matched by increases in passenger seats. Air Transport Association, the trade group for the American airline industry, says domestic capacity will only increase about 0.2% this summer over last year (The New York Times June 1). In April, Delta, United, American, Continental, and US Airways averaged domestic load factors of 85%--the measure of how many seats on planes are occupied by paying customers. Airline loyalty programs are sitting on a cache of at least nine million frequent flyer miles, say some observers. With planes filling up with paying customers and airlines not increasing the number of potential seat availability, it becomes obvious that airline reward programs will pay off less frequently (frequentflyer.com May). Frequent flyer programs started in 1981; by 2005 travelers had accumulated more than five trillion unused miles. Where once consumers racked up rewards by flying, today consumers are more likely to rack up miles based on credit card reward programs. As a result, today there are more miles chasing fewer reward seats. In 2008, airlines began making program changes that made it more difficult and costly to exchange miles for free tickets and upgrades. All this means travelers will have to be even more diligent when trying to recoup frequent flyer miles. Here are some suggestions from frequentflyer.com:
* Choose one frequent flyer program and concentrate your mileage earning in that program. * Monitor your account and look for new mileage-building opportunities. * Know how to get points from partner programs--businesses that reward miles with your particular frequent flyer program. * Track your miles diligently. Keep receipts and reconcile mileage statements. * Monitor expiration dates of your miles and redeem them before they expire. * Make your plans as early as possible; space is limited.
For more information, read “Rx for Airline Cancellations and Delays” and listen to “Travel Packages: Are Bundled Vacation Deals a Bargain?” in the Home & Family Finance Resource Center.
Other Resources

RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
1 hour ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
12 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
12 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
15 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago
150x172_Sign up for election newsUnite for Good Share your Stories100 Million CU Memberships