This change takes effect for bookings made February 2 at 5 AM ET or later.

British Avios are great for short, direct, economy awards on flights with no fuel surcharges--but they are getting less great.

The price of an award flight booked with British Airways Avios is determined by only two things: the distance of the flight and the cabin you book. The price of an Avios award is the sum of the prices of each flight segment.

The American Airlines devAAluation is coming. For awards booked March 22, 2016 or later, you will need a lot more miles. This affects all awards from First Class all the way down to off peak economy.

If you book an award by March 21, though, your award is locked in, and will not be affected by the devAAluation. On March 21, you can book through February 16, 2017.

What are great awards you can book at the last minute to take travel in February 2017?

Australia
Argentina
Southeast Asia
Japan

The first two are in the middle of summer.

In November, American Airlines announced a massive devAAluation of its award chart for awards booked on or after March 22, 2016,  negative changes to status, and revenue-based award mile-earning on paid flights.

Let's take a close look at the changes coming to off peak awards.
What are Off Peak Awards?
American Airlines offers discounted economy Saver awards to many regions of the world during seasons of low demand.

American Airlines does not offer discounted awards in premium cabins or discounts on "AAnytime" (non-capacity controlled) awards.
What Changes Are Coming?
Here is a chart of the changes.

In November, American Airlines announced a massive devAAluation of its award chart for awards booked on or after March 22, 2016,  negative changes to status, and revenue-based award mile-earning on paid flights.

Let's take a close look at the changes coming to off peak awards.
What are Off Peak Awards?
American Airlines offers discounted economy Saver awards to many regions of the world during seasons of low demand.

American Airlines does not offer discounted awards in premium cabins or discounts on "AAnytime" (non-capacity controlled) awards.
What Changes Are Coming?
Here is a chart of the changes.

We have all known an American Airlines award chart devaluation was coming for a long time, since United and Delta devalued in 2014.

American Airlines has announced a massive devAAluation of its award chart for awards booked on or after March 22, 2016. (It also announced negative changes to status and revenue-based award mile-earning on paid flights.)

The only two things I like about the announcement are that a few prices go down slightly and that we were given solid notice. You have just over four months to book awards on the current American Airlines award chart.

Today American Airlines announced mostly negative changes for earning status in 2016 for 2017. (It also announced negative changes to earning award miles on paid flights and to its award chart.) The five big changes to status earning:
1. No More Elite Qualifying Points
There used to be three ways to earn status: elite qualifying points (EQP), elite qualifying miles (EQM), segments. In 2016, there will be two, with EQP getting the axe.

The number of elite qualifying miles and segments needed to qualify have not changed.
2.

Starting in the "second half of 2016," you will earn award miles on American Airlines tickets according to the cost of the ticket instead of the distance flown.

5 miles/U.S. dollar – AAdvantage member
7 miles/U.S. dollar – Gold
8 miles/U.S. dollar – Platinum
11 miles/U.S. dollar – Executive Platinum

Delta announced a nearly identical move in February 2014, and United copied Delta in June 2014. Both changes are already in effect, so American is just playing catch up (catch down?) here.

ANA is devaluing its award charts for bookings made October 15, 2015 or later. This is all the notice they've given. (Hat tip @saianel on Twitter.) To beat the devaluation, book by October 14 for travel through mid-September 2016.

This devaluation affects you because you "have" ANA miles in the form of Membership Rewards and SPG Starpoints, both of which can be transferred to ANA miles.

Aeroplan, the frequent flyer program of Air Canada is devaluing its award chart, effective for awards booked December 15, 2015 and later.

This is one of those devaluations that I consider almost good news because we are getting three months' notice, the changes are minor, and one big improvement was made.

Americans should pay attention to Aeroplan miles because Aeroplan is a transfer partner of American Express Membership Rewards and SPG Starpoints, has a fair award chart with a few gems, and doesn't impose fuel surcharges on many Star Alliance partners' award flights like United, Air China, Turkish, and SAS.