Update: The devaluation will take effect on February 15, 2024.
Last week, I received word that Turkish Airlines was going to devalue their Miles&Smiles award chart any day now. Well, it seems that day is today. Prince of Travel noticed that the new charts are now on the Turkish site.
For context, a one-way business class award ticket on Turkish Airlines between the US and Turkey is increasing from 45,000 to 65,000 Turkish miles. That's a rough 44% award rate increase.
On Star Alliance partners, a one-way business class award ticket between the US and Europe 1 and Europe 2 will be 85,000 and 90,000 miles, respectively. Both are increases from 45,000 miles. Those are 98% and 100% increases!
To make things worse, Turkish will now require additional miles for each segment which will really spike award rates.
You can see the new award charts here.
Points Wire Note:
While Turkish miles aren't as tough to earn as they once were with Bilt, Capital One, and Citi as transfer partners, this is a rough devaluation. For a program that was already niche given that they pass on carrier-imposed surcharges on award bookings, this reduces its usefulness even further.
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