Changing Frequent Flyer Programs Means Big Rewards For Business Class
A new report by consulting firm PricewaterhouseCoopers (PwC) was released Tuesday, outlining the best and worst frequent flyer programs currently available on the market. As more airlines switch their frequent flyer models from those based on simple mile-racking to ones which benefit travelers who spend more on their tickets, the makeup of those who utilize these programs may begin to change.
Once focusing on giving rewards to travelers who travelled the most, and thus serviced the same airlines numerous times in a year, the new frequent flyer reward programs are revenue-based, rewarding travelers who spend the most on their tickets. United and Delta have already made the switch to revenue-based models this year.
Those who stand to gain the most from these new rewards systems are business-class and last-minute travelers – in total, about 39 percent of the flying populace. Because employers often pick up the higher tickets, or last-minute travelers need to get to their destination, these travelers are much more likely to spend extra on their tickets. Those tickets are sure to lead to greater rewards in the long run.