All of those miles have no real value. The airlines will once again raise the threshold to use them thereby devaluing them even further. In the past couple of yrs the airlines instituted a rule that cause the miles to expire after X amount of time. Right now X is 18 months. SO thousands upon thousands of miles are lost monthly due to inactivity. A good number of people, possibly the majority of people that collect mile are more interested in using them for upgrades on long haul rather than free tickets, I happen to be one of them. There are a lot of companies out there that wont buy a traveling employee a biz class, or first class ticket but they will buy them a more expensive coach class ticket. Quite frequenlty the upgradeable coach class ticket costs more than a discounted biz class ticket. I know 'cause I am also in this catagorey. Airlines go BK because of freqent flyer miles, I hardly think so. All the have to do is devalue a valueless product even more.