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.

Delta has devalued its miles with no notice (again.)

Effective immediately, awards for travel from November 1, 2016 on are going up in price from the United States to the Middle East in Business Class.
USA to Middle East
Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Uzbekistan, Yemen

Is: 40k/70k each way in economy/Business
For Travel October 1 to October 31: 35k/70k
For Travel November 1 on: 35k/85k
Change: 5,000 fewer Delta miles each way in economy to the Middle East starting October 1, 15,000 more miles

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.

Back in January I wrote about Delta's devaluation of awards to Australia, Asia, Africa, and South America effective October 1, 2016.

To give a two sentence summary, a few regions in economy are going down in price, and three regions in Business Class are going up in price.

Awards for travel from October 1, 2016 on are going up in price to:

North Asia in Business Class
Southwest Pacific in Business Class
Africa and South Africa in Business Class

(Did you notice that this is very different than American Airlines' devaluation where the price is determined by the day you

Some credit card offers in this post have expired, but they might come back.

This week I have been writing every day about how you have until March 21, 2016 to earn and burn American Airlines miles on its positively cheap award chart before the airline devalues many of its best award prices.

Some credit card offers in this post have expired, but they might come back. If they do they will appear –> Click here for the top current credit card sign up bonuses.

This week I am urging people to get full value from the 50,000 bonus mile offers on both the Citi® / AAdvantage® Platinum Select® MasterCard® and CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® by getting and using their bonus miles by March 21.

Unless you live under a rock, you know that American Airlines is devaluing its award chart March 22, 2016.