Just been reading the thread on Flyertalk. Seems that it's possible that there will be an imminent devaluation of Avios, so I'm cashing out the few remaining that I have. Here's a relevant post from Flyertalk:
A sad dose of reality
"BA spent millions making the 30th December changes happen and they seem to have had a move to turn everything dynamic planned for a long time. Why would the project team want to leave redemptions untouched, especially when they hoped for mammoth Avios accrual by American consumers attracted the new opmodel?
The rumour (to be taken with an obligatory barrel of salt) is that Phase 2 of the lAG Loyalty changes will come in February. IB will move to status by spend with lower cash goals and a way to qualify with enough segments. There will be a limited rollback of the BA changes mainly to deal with IB's inability to set the original BA cash goals in its market, which nobody within lAGL had foreseen. The mismatch between BA and IB has forced the hand internally, although there was already a plan to soften Phase 1 slightly based on the awful feedback and weaker sales. For BA, this will supposedly mean lower cash goals, as well as soft landings and limited ways to qualify with segments.
Phase 2, however, is also said to contain a transition to dynamic award pricing which was left out of the 30th December announcement and which accounts for so many of the outages and downtime on the Exec Club systems over the past few months. The only major part of the website not updated to the new experience is the redemption side. Dynamic awards will allow more options for customers and, coincidentally, save tons of money. A minority of staff think it will implode IAGL's business model, but the project team and McK look determined to go ahead."
www.turningleftforless.com
