2,500 Alaska Miles for Delta Award Redemptions
Alaska Airlines is known for being the harlot of frequent flyer programs. She isn't committed to one alliance and therefore gets around with a multitude of different partners such as: American, Air France, Air Pacific, Cathay Pacific, British Airways, Korean, Qantas, LAN Chile, Icelandair, and a bunch of small Alaskan carriers.
Alaska's current flavor of the week appears to be Delta - she's been bragging about their enhanced relationship (which includes the following benefits for its elite passengers: reciprocal upgrades, free baggage, priority boarding, and priority seating) by offering a 2,500 mile rebate for any member who redeems their Alaska miles for a Delta award. Alaska's award chart can be found here. As you can see, her redemption rates are in line with most carriers - 25,000 miles for domestic coach and 50,000 for domestic first class.
The hardest part will be finding Delta award availability, because Delta only makes their "low" tier available to partners. But, it's worth a shot and Delta generally opens up low level award space close to departure.
FYI: Alaska is a 1:1 transfer partner of Starwood, so if you were going to transfer Starwood points to Delta (generally not recommended) to book a low-level award, you might want to consider transferring to Alaska to take advantage of this rebate.
Mileage Plan members will earn 2,500 Bonus Miles by booking and completing travel on a Mileage Plan award ticket on Delta Air Lines. Bookings must occur between February 15, 2011 and March 31, 2011, andtravel must be completed by February 20, 2012. 2,500 Bonus Miles per qualifying award ticket will be posted to the Mileage Plan account that funded the award ticket. If travel is not completed, Bonus Miles will be revoked. Bonus Miles do not count toward MVP, MVP Gold, or MVP Gold 75K status. Please allow four to six weeks after booking is made for Bonus Miles to be credited. All terms and conditions of the Mileage Plan program apply. Offer subject to change without notice. Passenger traveling on an award ticket is responsible for taxes, fees, and other applicable charges.
Tip of the hat to TPG reader Derek for this one!