Cathay Pacific Asia Miles devaluation on June 22nd

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Cathay Pacific Asia Miles has announced some changes to its award chart that represent devaluations in premium cabins on long-haul round trip routes. The changes for flights on Cathay Pacific aren’t catastrophic at first glance, though there aren’t any significant bright spots in terms of redemptions. Some of the devluations on the oneworld multi-carrier chart are quite significant. Changes are set to take effect on June 22nd, 2018.

The email from Cathay Pacific notes that “you will be able to redeem all Economy Class flight awards with fewer or the same miles”, which isn’t much of a consolation prize.

The “good news” is that the majority of the devaluation comes in round trip rates. Currently, Asia Miles charges more than 50% of the round trip rate for a one-way flight. A number of the devaluations come in raising the round trip rate to become double the cost of a one-way. They provide the example of Hong Kong to New York: current one-way pricing of 85K stays the same, whereas a round trip goes from 145K to 170K.

There are some minor improvements to be found. For example, one-way first class between Hong Kong and New York is decreasing from 130K one-way to 125K one-way, though that’s hardly exciting as American charges 110K on that route and Alaska charges 70K (and allows you to stopover and then continue on within Asia for the same price). Of course, Alaska and American depend on partner availability — but the point is that this type of change isn’t terribly exciting.

Here is the new award chart for travel booked starting on June 22nd, 2018.

And here is the old award chart, which is still in effect for bookings made before June 22nd.

Changes to oneworld award chart

Additionally, Asia Miles has made some changes to the multi-carrier oneworld partner award chart. Here is the new chart for travel booked from June 22nd onward:

And here is the chart for redemptions made before June 22nd:

As you can see, rates for zones 1-4 do not change, but the longer haul routes beyond Zone 4 see changes, some of which are pretty significant. For example, Zone 8, which covers a trip of 10,001 to 14,000 miles, will see an increase in the cost of a first class award from 155,000 miles to 220,000 miles. That’s an increase of 65,000 miles — that’s an increase of about 42%. Youch. Business class increases are less extreme, but all of the routes beyond Zone 4 still see increases.

Bottom line

If you are interested in taking advantage of Cathay Pacific Asia Miles sweet spots, you’ll want to check out this post and make your redemption before June 22nd:

That post points ouy a number of the sweet spots, some of which will change next month. While some increases aren’t terrible, you can save some miles by redeeming sooner rather than later. As a reminder, Asia Miles is an Amex transfer partner and Citi transfer partner (and will be a transfer partner of the combined Marriott/SPG program), so it is pretty easy to put together the points necessary for an award.

H/T: The Lazy Traveler’s Handbook and One Mile at a Time

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