Milenomics ² Podcast - No Annual Fee Edition

Milenomics² Podcast NoAF Episode 77: Revisiting Be Your Own Elite in 2024

Nov 25, 2024

Dive into the changing world of airline travel, with Delta's drastic changes in first-class sales creating new strategies for frequent flyers. Discover how co-branded credit cards can complicate loyalty and the diminishing value of elite status. Learn to rethink your travel approach, focusing on flexibility and actual needs rather than chasing elusive rewards. Lastly, explore the power of community in optimizing travel experiences, making informed decisions, and maximizing your mileage.

33:19

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Quick takeaways

Travelers should prioritize rational decision-making over loyalty, selecting airlines and booking options based on personal needs and preferences.

The podcast emphasizes that the benefits of elite airline status may not outweigh the efforts and spending required to achieve it.

Deep dives

Changing Dynamics of Airline Travel

Recent changes in airline practices reveal an ongoing shift in how first-class seats are sold, specifically highlighting Delta's strategy of offering up to 88% of its first-class cabin for direct sale. This marks a significant increase from 10% a decade ago, reflecting broader industry changes in consumer behavior and preferences. The discussion dives into how these decisions impact travelers' aspirations to enjoy premium services without adhering to traditional loyalty or status dynamics. The conversation questions whether loyalty programs still serve travelers effectively, especially as airlines prioritize revenue optimization through new ticket structures.

Intro

2min

Delta Airlines and the Loyalty Paradox

12min

The Value of Delta's Loyalty Program and Effective Partnerships

4min

Rethinking Travel Loyalty

14min

The Power of Community in Travel Optimization

2min

0:22 Delta Selling 80+% of First Cabin

OMMAT
VFTW
Value is there--pricing of the upgrade is so low they're selling out elite Upgrades more than ever.
Jumping off point for discussing Be Your Own Elite.
- Don't wait for an airline to give you what you want. Secure it yourself
- Great flight times are key because your time is valuable.
The current state of airline status (in hopes of upgrades)
Collecting airline miles (in hopes of outsized value on scarce redemptions)
- Co-branded paradox (spending on another card)
Even being an airline employee (in hopes of free travel) has gotchas.

15:40 How to Move Forward (or How to Get Started)

We discussed on the paid show how we need to get away from the idea that a single credit card signup can unlock significant “free” travel.
A Demand Schedule will help you see your needs
If you're not going on multiple trips a year, or don't need multiple seats just spend on a cashback card.

Finally, This might not be the best blog in the world.

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