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Air India's Maharaja Club and IHG One Rewards now let members earn and convert points across each other's programs, with a 3x points promotion running through the end of 2026.
Starting September 8, Air France-KLM's Flying Blue program is unbundling every reward flight into Light, Standard and Flex fares — and keeping the old benefits now costs up to 25% more miles.
Starting August 25, 2026, AAdvantage elites lose complimentary coach-to-business upgrades on nine three-cabin domestic and Hawaii routes, capped instead at premium economy.
During the pandemic, US airlines mortgaged their frequent-flyer programs for billions — and the valuations revealed that the programs were worth more than the airlines themselves. Here's how selling miles to banks became the industry's real business.