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Please guide me on this

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Tips for an upgrade in Vegas?
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Presumably a competitor would buy the carcass and your points would transfer over.
You do realize that every single airline of the Big 3 have filed for bankruptcy in the past 15 years and all have had mileage programs/statuses in tact, right? No reason to really be concerned here. They can all operate as normal under bankruptcy protections
All my AA miles from tens of years ago when they were in bankruptcy before the US Airways merger never went anywhere
It's not been hugely common in recent memory, but I think when airberlin closed (for example), their FFP members lost everything, and they were part of oneworld.
An FFP failing with the airline is probably more likely these days - FFPs are a revenue generator for most airlines, and I suspect that revenue is gone for a while.
It’s easy to build them back. No big deal
Lots of people are concerned. Next question please
I’m not too knowledgeable of the industry, but i would assume that the most common ones
(Hilton, Marriott, United, American Delta) are too large to fail.
Totally agree, points will most likely be subordinated to any other debt liabilities and get paid out last. I had points and credit with a big European airline, which went bankrupt. Every other year, I receive an email that they are still negotiating in court but most probably I’ll receive 0...
nothing we can do about it so why worry
I’m not as afraid of them going under... most are pretty big companies. But is anyone sad about losing their status due to not being able to travel? And take advantage of their status??
Status is being extended for a year pretty much across the board: I know directly of Delta, United, Marriott and Hyatt. Heck, Hertz is even independently extending the complimentary 5 star status you get with airline status!