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I’m on record saying that I don’t think the British Airways devaluation from last month is a big deal. Only Business and First Class awards went up in price, and the vast majority of good Avios redemptions are short, direct, economy awards.

Well there’s another good part of the “devaluation” that I haven’t covered yet: the introduction of cheaper off peak awards on British Airways and Iberia flights. Here’s the new award chart that shows off peak award prices next to peak award prices.

New Award Chart

Off peak awards are only possible on British Airways and Iberia flights. Other partner flights always price at peak level.

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As a reminder, each British Airways flight on an award has its own price determined by three things: distance, cabin, and whether it is an off peak or peak date.

For distance, the zones are broken down like this:

  1. Up to 650 miles flown
  2. 651 to 1,151 miles flown
  3. 1,152 to 2,000 miles flown
  4. 2,001 to 3,000 miles flown
  5. 3,001 to 4,000 miles flown
  6. 4,001 to 5,500 miles flown
  7. 5,501 to 6,500 miles flown
  8. 6,501 to 7,000 miles flown
  9. 7,001+ miles flown

For a one segment award, read its price off the new award chart above. For an award of two or more segments, read the price of each segment off the above chart and add them up to get the whole award’s price.

What Dates Are Off Peak

British Airways promises that for British Airways flights: “Two thirds of the year is off-peak, including every Tuesday and Wednesday.” Here are the exact dates through April 2016.

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You can find the most up-to-date off peak calendar for British Airways and the separate Iberia off peak calendar here.

Good Deals?

Longhaul

There definitely are some good deals at off peak prices, but not every off peak flight is a good deal.

Longhaul flights have the problem of huge fuel surcharges. For instance, a British Airways flight this summer from New York to London costs 50,000 Avios + $442 in Business Class. Over $400 of that is a fuel surcharge.

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Considering this award cost only 40,000 Avios one way before the devaluation, and you can book transatlantic Business Class on United flights with various types of Star Alliance miles for 40,000 to 58,000 miles without fuel surcharges, I’d say this isn’t a very good deal.

Better off peak deals are offered on longhaul economy and Premium Economy flights. That same New York to London flight costs only 13,000 Avios + $257 on off peak dates even during the summer. Or you can use Cash & Avios options to pay only 4,550 Avios and $342.

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British Airways’ Premium Economy, which reminds me of domestic First Class, from New York to London on off peak dates is 26,000 Avios + $257 or 10,400 Avios + $411.

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The value of longhaul off peak awards is severely hampered by the devaluation of Business and First Class awards last month and by the huge fuel surcharges on longhaul British Airways flights. If you find a longhaul off peak award you love, share it in the comments.

Shorthaul

Shorthaul off peak awards are almost all going to be Reward Flight Saver awards too, offering a better deal on fuel surcharges. Reward Flight Saver flights are Zone 1-4 awards to or from London on British Airways. Instead of paying taxes and fuel surcharges, you pay one flat fee.

Screen Shot 2015-05-18 at 2.54.42 PM

Notice the fee is cheaper in euros, so you may want to set your Executive Club address to one in continental Europe. I set mine to continental Europe during a recent sale of Avios that was cheapest is euros.

I found award space in economy and Business Class (intra-Europe this is just an economy seat with the seat next to you empty) from London to Istanbul on an off peak date this summer.

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The Business Class redemption would cost 17,000 Avios + $34.

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The economy redemption would cost 8,500 Avios + $24 or 3,400 Avios + $81.

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I value Avios at 1.7 cents each, so spending 3,400 Avios + $81 is like expending $139 of value for me. That seems like a very good deal from London to Istanbul, which is an almost four hour international flight.

But a quick search shows a low cost carrier offering even cheaper flights near the date I found award space.Screen Shot 2015-05-18 at 2.55.12 PMI think there is more potential for value on shorthaul Avios off peak awards because shorthaul awards are a better value with Avios normally, and Reward Flight Saver awards avoid big fuel surcharges. But the value of shorthaul off peak awards is muted, since so many low cost carriers fly from London to Europe so cheaply.

BA Availability Calendar

Normally searching award space on ba.com is very slow, but when searching for British Airways award space, as you will be doing when hunting for off peak awards, searching is much faster. Click the blue button on your results that says “View calendar of BA availability” instead of clicking day by day to search.

 

Screen Shot 2015-05-18 at 3.05.56 PM The calendar shows award space that you can cross-reference with the off peak calendars above.Screen Shot 2015-05-18 at 3.06.06 PM

Iberia Off Peak

Iberia and British Airways are owned by the same company, and both use Avios as their rewards currency, so it makes sense that Iberia flights can also be booked off peak with British Airways Avios.

The off peak dates for Iberia flights are different. Not every Tuesday and Wednesday is off peak for instance. Selected Iberia off peak dates:

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Another difference with Iberia flights is that they do not qualify for the Reward Flight Saver reduction in fees.

I searched Paris to Madird to see how Iberia off peak flights price out.

Screen Shot 2015-05-18 at 3.06.57 PM

Oddly, ba.com didn’t give the off peak discount at all even though the words “OFF-PEAK” appeared next to the space I selected. Economy was 7,500 Avios and Business 15,000 Avios instead of the off peak prices on British Airways’ chart: 6,500 and 12,750 Avios for a zone 2 redemption. (Another side note: ORY-MAD is 639 miles, so it should be zone 1. Maybe it prices as zone 2 because CDG-MAD is 660 miles, and the whole city is geographically located at CDG for the purposes of Avios zones. But that’s just a guess.)

Screen Shot 2015-05-18 at 3.56.29 PM Screen Shot 2015-05-18 at 3.56.54 PMCan you get Iberia flights to price at the correct off peak prices? Leave the date, route, and cabin in the comments.

Bottom Line

British Airways’ “devaluation” last month is mostly no big deal. The bad values–longhaul Business and First Class–got worse. The good values–short, direct, economy awards–were untouched.

Simultaneously British Airways introduced off peak awards for Iberia and British Airways flights that lower the cost of an award in each cabin to any destination for eight months out of the year and every single Tuesday and Wednesday. (That’s the off peak calendar for British Airways flights. The Iberia off peak calendar differs substantially.)

These off peak awards will offer some value in some cases though many off peak awards will still be a poor value because of a high Avios price or big fuel surcharges.

 

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