The thing is that QFF clearly sees P1 (Giddy heights... lol) as "rusted on" and basically take those members for granted in respect that either the spend continues and they make P1 again, or they don't, but even if they don't make P1, their spend will most likely be still fairly substantial with QF due to long term loyalty (or stockholm syndrome perhaps
). While some of the perks of P1 are very nice (see appropriate thread) when available and exercised, it seems clear that at least part of QF consider these members as almost unworthy of the effort / expense to retain - because chances are they will anyway (as Matt indicated above). All part of that Maxim about it being much harder and more costly to attract new "loyalty" than it is to keep it - or so they seem to claim in marketing circles.
That's why you always see extra juicy offers to join up, but aren't available to existing members for whatever thing - a credit card, FF program or whatever. They spend the effort to lure you in, then hope to keep you (also see the recent 18-35 book international get lounge access promo).
And, for many based in Australia often QF is the only reasonable option - due to location and/or schedule.. and remember VA has nothing similar.. they don't even have life time recognition at this point(and maybe never will) so choices are often limited most certainly if most travel is domestic or within the sphere of QF's international metal network.
QF'srelative market dominance creates a certain degree of arrogance in this respect imo.. and we've seen how they could care less if members of high status drop off the map - either due to change in circumsnace or defected to another carrier/alliance. So we each make our choices.
Honestly I much prefer SQ's product - hard and specially soft - to QF in so many respects and have often considered my own position but my travels do not touch SQ's network enough to make it worthwhile. I've recently spend a lot of time in NZ J on USA trips (as opposed to QF) and as always enjoy their service (even with the now worse hardware in J - luckily change is coming soon hopefully as it's long overdue.
That's just me.
And yes, to
TheRiddler's jealousy (I think maybe envy rather?) some of us do have more ability to experience and enjoy some of the world's other airlines and alliances and we mustent forget not everyone is akin to a Bruce Wayne
However the general principles still apply. Any of us able to experience travel on a fairly frequent basis are pretty lucky IMO - more so if it is premium. I may pay for it in one form or another but I still feel very lucky to have these opporunities, and that's no joke(r)