Questions and Answers

Hi Lucky – I have about 330k miles on VS, and am hearing rumors of an imminent collapse. In your opinion, should I move these miles immediately? If this is possible to do, should I just shift them to DL or where would you suggest I put them?

What is the best place to move Virgin Atlantic miles to before a possible VS shut-down?

Welcome [USER=6520]@Labrador1[/USER] – while you can spend Virgin miles on flights and hotels, one of the few places you can actually transfer them is to Hilton Honors at a rate of 3 VS miles to 3 HH points. But unless you’re convinced VS is going under that’s a terrible redemption. Ben values VS miles at 1.2 cents each and HH points at .5 cents each. So you’re trading 2.4 cents for 1.5 cents.

You can find the full list of VS partners here:
[URL]https://www.virginatlantic.com/us/en/flying-club/partners.html[/URL]

[QUOTE=”MidSouth Skier, post: 69263, member: 184″]Welcome [USER=6520]@Labrador1[/USER] – while you can spend Virgin miles on flights and hotels, one of the few places you can actually transfer them is to Hilton Honors at a rate of 3 VS miles to 3 HH points. But unless you’re convinced VS is going under that’s a terrible redemption. Ben values VS miles at 1.2 cents each and HH points at .5 cents each. So you’re trading 2.4 cents for 1.5 cents.

You can find the full list of VS partners here:
[URL]https://www.virginatlantic.com/us/en/flying-club/partners.html[/URL][/QUOTE]

Thank you so much for the welcome and your thoughtful response! I really appreciate the time you took and the helpfulness of your reply. Having worked for some airlines that went under (Leisure Air, Valujet, Pan Am 3.5 (Boston-Maine Airways Clipper Connection) & Flybe), I think am predisposed to go to worst case scenarios. I’m hoping to use the miles to go to South Africa as well as to try All Nippon’s F or J.

Hi Lucky,

Several months back I transferred 200k UR points to VS for 4 Delta One tickets to Europe this summer. We’ve cancelled those flights and gotten a refund of the VS miles. But as you say in your recent article, Virgin Atlantic is “fighting for its life.” I’ve got a total of 260k VS Flying Club miles in my account (I had also recently gotten the BoA credit card bonus). It would really suck to lose all those miles if they go under, so I’m wondering if you would suggest trying to liquidate them. It seems like the best options would be to transfer to Hilton or IHG, but it would be at a significantly lower valuation. Thoughts?

Thanks,
Alex

At this point, its all about how much risk you are willing to accept. Sure, you can transfer points out to potentially save some value in the case of collapse, but what happens if they dont? The problem right now is that every airline is suffering (and cruise line, and train company…), the situation changes daily and rapidly, so getting any kind of decent read on the situation is quite difficult.

If its me, I think I steady the tiller and hold the course for now.

Hi all,

Long time reader but first time poster. Similar type of question for me as well. I have 3 J flights booked through VS on Delta metal from ATL-EZE, SCL-ATL at 270K miles. The flights are in September. My two questions are…

1. VS liquidates but virus subsides and I am able to take the trip, do you think Delta will still honor the reservation?
2. VS liquidates but virus does not subside and I am forced to move the trip, in this scenario I would assume I am SOL?

Understand there isn’t much I can do about it now but appreciate any advice!

It’s always good never to over-react. Bought only 100 shares of Virgin Galactic at 17$ (in February) and now its at 19$….. this will all pass and the ones best prepared will do very well.
Patience is a virtue.

Alex[/QUOTE]
[QUOTE=”Labrador1, post: 69259″]Hi Lucky – I have about 330k miles on VS, and am hearing rumors of an imminent collapse. In your opinion, should I move these miles immediately? If this is possible to do, should I just shift them to DL or where would you suggest I put them?[/QUOTE]

if I were you just stay put. I really doubt that VS will collapse. Either Branson will pour some of his own money or the government in the UK will bail them out. They’re the only UK competition to BA