When airlines go into bankruptcy, the value of your miles is in doubt. While no previous airline bankruptcies have led to loss of miles, and the miles of their FFM programs were accepted by other airlines, there is no guarantee that this will happen in the future, and no insurance programs to guarantee that you will be able to use them. Something to think about. As low as the dollar does go, at least it’ll be worth something.
FrequentFlyer does bring up another good point about miles.
