Worried that some of these airlines might go bankrupt. Should I transfer my points to Amex or wait it out?

like
Posting as :
works at
You are currently posting as works at

Your miles will be fine.

The airlines spent 45 billion over the past few years buying back their stock and they had the audacity to ask for 50 billion in bailout money. Just like mismanaged big banks in 2008-2009, airlines have achieved too-big-to-fail level. They'll be fine.

Even if they go bankrupt, it will be well deserved and will be an opportunity for better management to come in, buy the company, and put in management that will run the company better.

Your miles will get devalued long term either way 🤷🏻‍♂️. Keep/convert miles at the airline only when you're about to buy an award ticket.

EDIT: Don't think you can convert miles to credit card points. Usually it's the other way.

https://www.google.com/amp/s/www.washingtonpost.com/business/2020/04/06/bailout-coronavirus-airlines/%3foutputType=amp

like

Got it yup, good point on institutional investors

I’d be surprised if you can move miles to AMEX points or other credit card programs, usually it’s the other direction only. You might have to choose another transfer partner, but beware a massive loss of value as sometimes happens with those kinds of transfers.

Historically in the US at least airlines have gone through bankruptcy reorganization which has preserved miles as continued customer loyalty has been key to the bankruptcy exit business plan. If they were to liquidate and not merge with anyone, only then are you likely to lose miles. For non-US carriers, liquidation risk tends to be higher as insolvency laws tend to provide fewer options for a failed business to restructure.

Related Posts

Is this an aggressive position? Would you use final regulations effective for tax year beggining Dec 16, 2020 to support a deduction for calendar tax year 2020? Proposed regulations didn't include this exception. More details below.

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

like

I made a mistake starting SIP in a ULIP. Used to invest 7500 per month starting from November 2018. I have discontinued my premium payments since last year. That is when my fund was moved to an interim surrender state and now it earns 4% per annum interest.

After 5 years of lock-in that is November 2023, can i withdraw the entire amount at a time? (Of course after paying surrender charges)

like

Making $37 hr full time with benefits. Chattanooga Tennessee

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

How do folks effectively save for a house down payment and max retirement?

like

Anyone concerned with the dip in the market now? Both brokerage and 401k has taken hit. What are different things you folks are doing??

likefunny

Those who moved nyc to nj- assm min change in rent, how much did you save on an avg cause of taxes etc.?

like

What percentage of your monthly income do you actually see in your check, your net pay? Basically, what percentage of your check goes towards all the different deduction? I get 50% of my gross income deducted.

like

Have a big upcoming international trip and trying to choose between the Marriott convoy boundless credit card or the chase sapphire preferred card to not have foreign transaction fees. Anyone have any experience with either and can help tip the scales one way or another?

like

Does anyone ever redeem Marriott points for gift cards? Is it worth it?

like

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like

Hypothetically, if BBB was delayed and brought to the Senate floor next year (let's say February 2022) and passed, and the January 1st date for ending Roth conversions is left unchanged, what would happen to Americans who performed After-Tax 401k to Roth conversions in January? Would 401k custodians have to reverse the transactions and somehow factor in gains earned in users' Roth accounts since the conversion? Could there be penalties?

like

Can someone please help me know what is this "gift perk" the comes under the head "Adhoc income" when you see the IT statement(under new payroll) ? This adds up to my yearly Income but I don't see that in my salary slip.

like

Hello fishes, can we buy land/plot to save long term capital gain tax?

Anyone here invested in any cyber etf? if yes which one is it?

like

Male:

Cannot find a solid backpack (gotta lug 3 laptops) that looks professional and tough enough for frequent plane travel.

Does anyone have any recommendations for me?

I selected new tax regime in the company 'xyz' portal for April 2021-March 2022. I left this company in jan 2022 and tax of 16k got deducted from F&F settlement.

I have investment in EPF and submitted the rent receipts to the company for tax exception for HRA. But in F&F, based on new regime tax deducted.

During filing ITR for assessment year 2022-2023, can I file by selecting old regime and get this 16k return?

like

What all are the benefits IQVIA provides. Need to understand on below points-

1. Leaves
2. Meals
3. Transportation
4. Medical benefits (like dental, optical)
5. Allowances
6. WFH
7. Bonus that excludes from CTC and variable
8. Annual/Half yearly parties
9. Goodies or gifts during major festival
10. Anything else 😅

like

More Posts

All, planning to head to France for the race in June. Any tips?

like

Can I get a commercial loan without 25% down?

like

Regarding insane working hours: what if creatives unionized?

Just curious what y’all think.

like

Genuinely curious if Bill Nye encouraged anyone's science career?

like

Has anyone attended HackerX events? I'm wondering how the experience was and if you felt you built a brand with good candidates.

like

Hi All,

Hope you and your family is safe !

I am an US tax consultant specialised in Fiduciary Tax services. I am looking for a prep/review jobs in PwC. I am well versed in prep and review of 1041,1099, hedge fund K-1s, and additional tax returns required for a trust/estate.

Please let me know of any job opportunities in the firm.

Thanks in Advance :)

like

Anyone have meal plans with Daily Harvest? Looking for feedback. TIA!

like

Is optum calling employees back to office? Junior level in gurgaon

like

I’ve worked for many companies involving creative traditional/digital artwork, but my last job threw my health under the bus, so now my current has very little creative work and work with databases..

My question is: what was the thing that helped you get back into a creative job?

Revamping your resume? Personal projects? Starting your own company?

I feel like there are so many doors that are open I just lose steam haha.

like

2 year of experience

like
like

Please help to choose between below-
tcs 22 lpa for BFSI support project
Mastercard 21.45 lpa as senior biz ops role.
YOE 9.9 years

like

Will we get extra salary if we worked on holiday in tcs. In timesheet its showing red means holiday

funny

How long does B4 recruiting usually take to contact you after you’ve applied + employee referral?

like

Want to work abroad in Dubai or Qatar. I have 5 YOE in Capital Markets Data Analysis in MNC. Any idea how do i proceed. LinkedIn not turning out so helpful for me.

like

Anyone work for Microsoft as a Chief of Staff? Wanted to get a sense of Comp and Work-life balance. Thanks!

like

Does TechM employees get discounts on TechM cars?

How much Salary should a Senior project Manager working in localization industry should be getting.
Also what all courses would be beneficial for upskilling.

ACN 🐠 Received offer to join Accenture Strategy T&O as a manager. How’s the culture and work? Is strategy the way to go? I’m having this gut feeling T&O might not be as strong as ACN is claiming?

like

Additional Posts in Consulting

What are your book recommendations?

like

Is anyone else getting depressed from everything going on? I’ve barely done anything all day except read coronavirus articles and now I just want to take a nap and not wake up until this is over

like

Mulling over an offer. Is work at MBB way more work / significantly more intense than Big 4? I feel like I have a good brand/rep at EY; not sure if effort to rebuild all of that at MBB is worth it?

like

Book recommendations on leadership, career development, etc?

like

When does GOT stream in pacific area on Sunday night ? 6 PDT or 9 PDT

like

Utilization director told me today that the layoffs won't affect me. My heart goes out to everyone that had to hear otherwise. Here's to hoping y'all find something better and prosper.

like

For index fund investing, is there any real difference in Charles Schwab and vanguard?

like

What are the best books on sales as it relates to consulting?

like

Wooohoo just landed a data project! Woohoo data! Data runs the world! Hello super high utilization! Hello cushy bonus! 🙌🏽

like

Advice or Book recommendations on how not to get bothered by others/ friends/ peers? What they think or what they do!
Been struggling lately

like

Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?

like

I know Mck is the top for strategy, but in terms of digital/design in top consulting firms which do you think is better? Mckinsey digital or deloitte digital? (Or another..?)

like

Any advice on how to switch from big 4 to tier 1 consulting firms like BCG and MCK?

like

Any good business/consulting books on amazon kindle that y’all have read that has helped you in your job?

like

Looking for some book recommendations :)

like

Any recs on standing desk converters? Already have a desk so looking for a converter to put on top. Firm is allocating budget for wfh equipment.

like

A couple of team members have rephrased what I just said during meetings. What’s a good way to acknowledge it and ask them why they are repeating what I’ve just said?

likehelpful

When your eyes pop open at 5:50am on Saturday because you don't remember if you submitted your timesheet (holiday season throws things off). Thankfully I did. Back to bed

likefunnysmart

Deliberately booked a regional jet connecting flight to avoid working on the flight... they gate checked my bag and I missed my connection. Touché, AA, touché...

like

Any tips to stay motivated at work? I like what I do but most days feel it’s a drag.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal