American Airlines is offering up to 115,000 bonus miles on the purchase of miles through April 8, 2016. You can now buy 265,000 American Airlines miles including bonus for $4,787 or 1.81 cents each.

The bonus miles are tiered, based on how many miles you purchase. The best deal is to buy 150,000.

American Airlines miles cost 2.95 cents each plus a 7.5% excise tax, and every purchase has a $30 processing fee.

The Citi® / AAdvantage® Executive World Elite™ MasterCard® currently has a 50,000 mile sign-up bonus after spending $5,000 in three months.

One of the perks of the devaluation that hit American Airlines' award charts March 22, 2016 is the new price of awards from the United States to the Caribbean, Central America, and Mexico. It now only costs 12,500 miles one way in Economy during the off peak season for those regions.

Starting tomorrow, March 22 (I don't have any information on the exact minute), American Airlines' award prices, off peak dates, and definitions of regions change.

Today you can book travel through February 15, 2017 to take advantage of the current award chart, which is much cheaper to most regions in Business and First Class.

With the big American Airlines devaluation kicking in on Monday (March 22,) I am highlighting all the good award space I see, like this award space to Argentina, Brazil, and Chile in 2016.

Today that is Business Class award space to London in December.
Why This Matters
Ideally you’d book award space to Europe now to save some miles.

Current award prices:

20,000 AA miles one way in economy from October 15 to May 15
30,000 AA in economy from May 16 to October 14
50,000 in Business
62,500 in First

Award prices for bookings made

American Airlines devalues its award chart on Tuesday. Book by Monday to lock in current award prices for travel through February 2017.

While I noticed the changes to award prices, including off peak awards, I didn't notice that several places are changing regions on the award chart also.

Here are the five changes:
1 and 2. Bolivia and Manaus, Brazil to South America 1
This is great news! Bolivia and Manaus, Brazil are changing from the more expensive (Southern) South America 2 to the cheaper (Northern) South America 1.

Emilio commented:
With this devaluation coming in [one week], do you recommend booking some flights speculatively and then change later for a date that works better? South America and Australia sound nice, but making everything work is difficult. So, how hard would you say is it to change dates, particularly for next year?
Thanks!
I have written before about how to lock in pre-devaluation prices for trips with uncertain dates in 2016 or early 2017, so I won't rehash that here.

With the big American Airlines devaluation kicking in on March 22, I wanted to check the current picture of premium cabin and off peak award space to Argentina, Brazil, and Chile.

For most of the last few years, booking Business or First Class awards to Australia or New Zealand with American Airlines miles has been very difficult. But as part of the deluge of premium cabin award space we saw six weeks ago, award space opened up on American Airlines' routes from Los Angeles to Sydney and Auckland.

That award space is mostly gone.

Or How the Squeaky Wheel Gets the Grease

Or How You Don't Get What You Don't Ask For

Or How to Cancel an American Airlines Award for Free

In early 2015, I booked an awesome award that would have allowed me to see Bangkok, Dubai, and Egypt while flying Etihad and Emirates First Class.

In November 2015, American Airlines announced a massive devaluation of its award chart effective for bookings made March 22, 2016 or later. See my original post for a side-by-side comparison of the current and future charts.

You should try to lock in your travel through February 15, 2017 at current prices by booking by March 21, 2016.