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Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026
Releases / R1, August 2026

August sets the starting point: 159 prices across 27 programs.

In August 2026 (Release R1, prices checked August 16–23), the index’s first month, 176 searches across 27 programs, each priced in points and in cash, set the starting value of 100 that every later month is compared with. Changes begin with the next release.

The index starts at 100 index points in August 2026. Every later month is measured against it.

Table B. What could not be priced · 176 searches
Priced15990%
No award seat or room159%
Sold out or no service21%
Site failed to load00%
No cash price00%

A search with no award seat or room can’t produce a value per point, so it isn’t part of the averages above.

Notes recorded during collection (37)
  • Singapore KrisFlyer · Singapore → Seattle, economy · ~60 days
    “cash fare had 1 stop -- 4hr 25 mins SFO. SQ+Delta.”
  • Singapore KrisFlyer · Singapore → Seattle, business · ~60 days
    “cash fare had 1 stop -- 9hr 45 mins SFO. SQ+Delta.”
  • China Southern Sky Pearl · Guangzhou → Sydney, business · ~60 days
    “no business award inventory on this flight/date.”
  • China Southern Sky Pearl · Guangzhou → Sydney, business · ~180 days
    “no business award inventory on this flight/date.”
  • Korean Air SKYPASS · Seoul → Paris, economy · ~60 days
    “Award fare operated by Air France, not Korean Air”
  • Korean Air SKYPASS · Seoul → Paris, economy · ~180 days
    “Award fare operated by Air France, not Korean Air”
  • Korean Air SKYPASS · Seoul → Paris, business · ~60 days
    “Cash 1 stop VIE 2hr 10 mins. KE + AF. Business award unavailable on this date”
  • Korean Air SKYPASS · Seoul → Paris, business · ~180 days
    “no business award inventory on this flight/date”
  • Cathay Asia Miles · Hong Kong → Melbourne, economy · ~180 days
    “no award inventory on this flight/dae”
  • Cathay Asia Miles · Hong Kong → Melbourne, business · ~60 days
    “no business award inventory on this flight/date”
  • Cathay Asia Miles · Hong Kong → Melbourne, business · ~180 days
    “no business award inventory on this flight/date”
  • Emirates Skywards · Dubai → Sao Paulo, business · ~180 days
    “no business award inventory on this flight/date”
  • Etihad Guest · Abu Dhabi → Cairo, economy · ~180 days
    “award was promo fare”
  • Etihad Guest · Abu Dhabi → New York, economy · ~60 days
    “award was promo fare”
  • Etihad Guest · Abu Dhabi → New York, economy · ~180 days
    “award was promo fare”
  • Etihad Guest · Abu Dhabi → New York, business · ~180 days
    “award was promo fare”
  • Ethiopian ShebaMiles · Addis Ababa → Frankfurt, business · ~60 days
    “no business award inventory on this flight/date”
  • Ethiopian ShebaMiles · Addis Ababa → Frankfurt, business · ~180 days
    “no business award inventory on this flight/date”
  • American AAdvantage · Dallas → Mexico City, economy · ~60 days
    “one stop was available for 9,500 miles”
  • Atmos Rewards · Seattle → Los Angeles, economy · ~180 days
    “one stop award available for 10k points”
  • Qantas Frequent Flyer · Brisbane → Melbourne, economy · ~60 days
    “all nonstop cash fares included a sale”
  • Qantas Frequent Flyer · Brisbane → Melbourne, economy · ~180 days
    “all nonstop cash fares included a sale”
  • Qantas Frequent Flyer · Sydney → Vancouver, economy · ~60 days
    “option for $1647 sale ticket, didn't take”
  • Qantas Frequent Flyer · Sydney → Vancouver, economy · ~180 days
    “option for $1647 sale ticket, didn't take”
  • SAS EuroBonus · Copenhagen → San Francisco, economy · ~180 days
    “award fare was marketed as a "SAS Bonus" -- no non-bonus nonstop available”
  • British Airways Club · London → Munich, economy · ~60 days
    “award fare cash add-on shown in inr; cash fare showed in eur. converted inr -> eur”
  • British Airways Club · London → Munich, economy · ~180 days
    “award fare cash add-on shown in inr; cash fare showed in eur. converted inr -> eur”
  • British Airways Club · London → Singapore, economy · ~60 days
    “no economy award inventory on this flight/date”
  • British Airways Club · London → Singapore, economy · ~180 days
    “award fare cash add-on shown in inr; cash fare showed in eur. converted inr -> eur”
  • British Airways Club · London → Singapore, business · ~60 days
    “no business award inventory on this flight/date”
  • British Airways Club · London → Singapore, business · ~180 days
    “no business award inventory on this flight/date”
  • Virgin Atlantic Flying Club · London → Bangalore, economy · ~60 days
    “premium economy available for 10500 points + 437 fees”
  • Virgin Atlantic Flying Club · London → Bangalore, economy · ~180 days
    “premium economy available for 10500 points + 448 fees”
  • World of Hyatt · Hyatt Place Dallas Grapevine · ~60 days
    “no room available to book via rewards on this date/hotel”
  • Wyndham Rewards · Wyndham Grand Rio Mar Puerto Rico · ~180 days
    “hotel unavailable on that date”
  • Hilton Honors · Hilton Frankfurt City Centre · ~180 days
    “hotel unavailable on that date”
  • IHG One Rewards · InterContinental Phuket Resort · ~60 days
    “no room available to book via rewards on this date/hotel”

Program news in this period

Rule changes

None. The collection rules were unchanged.

Data

Download R1 (176 rows, Excel)

Archived on Zenodo: doi:10.5281/zenodo.23189580