Lufthansa runs a monthly promotion called Miles & More Mileage Bargains. They offer discounted award rates on select routes in economy, premium economy, and business class. The promo is similar to Flying Blue's Promo Rewards.
These Miles & More Bargains can provide 50%+ off the award rate for a round-trip ticket, but you'll be on the hook for the carrier-imposed surcharges. Unfortunately, the surcharges on flights operated by Lufthansa group airlines such as Austrian Airlines, Lufthansa, Swiss, etc. are steep.
This means your total taxes/fees on an award ticket can exceed $1,900 for a round-trip ticket from the U.S.
Sure, 55,000 miles for a round-trip business class ticket to Europe is great, but you can find cash tickets in business class for less than what the taxes/fees on the award will cost!
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