Over the weekend, Colombias Flagship airline Avianca declared bankruptcy. While that might not seem notable to many U.S. travelers, diehard points and miles collectors had cause for concern. The airlines mileage program, LifeMiles, can be lucrativefrom domestic flights on United starting at 6,500 miles to flying some of the best first-class products in the skies for under $50 out-of-pocket. LifeMiles also has had a habit of selling miles for a price that made them seem almost too good to be true.
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Avianca wasnt the first airline to declare bankruptcy due to the coronavirus pandemic. UK-based Flybe, Virgin Australia and U.S. regional airlines Trans States Airlines and Compass Airlines have all entered some form of bankruptcy p…
Read the full article at: https://www.forbes.com/sites/advisor/2020/05/15/what-happens-to-your-miles-when-an-airline-declares-bankruptcy/