This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Yet another airline loyalty program joins the dynamic award pricing bandwagon — this time it’s Miles & More, the loyalty program of Austrian, Brussels, Eurowings, Lufthansa and Swiss. Forbes reports that the airline’s executives announced plans for the change at a recent press briefing.

This move would bring Lufthansa in line with Star Alliance partner airline United, which has eliminated published award charts for travel on its own flights beginning November 15. Although United hasn’t shared any plans to increase the rates of partner awards, this shift would possibly make it easier for United to expand dynamic pricing to those awards.

Lufthansa won’t be the only European carrier to utilize a dynamic award pricing system either. Flying Blue — the loyalty program of Air France, KLM and several other carriers — switched to dynamic pricing in 2018 and British Airways has hinted at it in the past.

The Miles & More program isn’t very accessible to US-based award travelers as its only transfer partner is Marriott Bonvoy, which offers transfers at a relatively lackluster 3:1 ratio (with a 5,000 mile bonus for every 60,000 points transferred). However, it does offer some sweet spots, such as business class seats between the mainland US and Hawaii remain at 35,000 miles one-way and business class flights within the continental US, including transcontinental routes, for 20,000 miles one-way (recently increased from 17,000 miles).

Lufthansa has a track record of announcing changes well in advance and hasn’t put a timeline on rollout of dynamic pricing yet, so it’s safe to assume it won’t happen in the immediate future. That being said, dynamic pricing already seems to be in play to some extent through the program’s Mileage Bargains, which are discounted rates offered between select destinations similar to Flying Blue’s Promo Awards. The program also redesigned its online award booking system and increased the cost of many awards earlier this month.

Bottom Line

Although shifts to dynamic pricing solve the problem of lack of award availability, they’re ultimately devaluations as they allow airlines to jack up award rates during periods of high demand and remove the possibility of getting outsized value of your miles. Thankfully, there are many other Star Alliance programs that offer attractive redemption rates and do partner with transferable programs like American Express Membership Rewards, Chase Ultimate Rewards and Capital One. For instance, Avianca LifeMiles charges just 87,000 miles for a one-way Lufthansa first class award to Europe and doesn’t impose fuel surcharges on any Star Alliance award ticket.

We have reached out to Miles & More for comment on whether they could confirm the shift to dynamic pricing and provide a timeline for when it would take effect, but have not heard back at the time of publication.

Featured photo courtesy of Lufthansa.

Know before you go.

News and deals straight to your inbox every day.

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.