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No
I wish, not even an insignificant discount
Unfortunately status doesn't mean anything when it comes to pricing out fares. Would be a nice perk though
^ Agree K1. I was thinking more along the lines of buying a standby ticket and get the seat due to status (read somewhere that standby tickets should be cheaper)
Status can help you get access to sold out fares and certain award fare classes. But not discounted fares.
Usually you can only buy standby tickets if you or someone in your immediate family works for the airline. If not, everyone would buy standby and revenue management goes out the window.