✈️ American Airlines Drops $5K Status Pass & Capital One Slashes Emirates Transfers

American Airlines launches a controversial $5,000 AAdvantage Pass that includes instant Gold status and 100,000 miles, but does the math actually work out? Capital One announces a 25% devaluation for Emirates Skywards transfers starting January 2026, following similar moves by other card issuers. Plus, the Capital One Venture X brings back its 100,000-mile welcome bonus, Chase opens a compact new Sapphire Lounge in Las Vegas, and British Airways Club increases award prices by 10% with refreshing honesty about why. We also cover Porter Airlines potentially joining oneworld, Turkish Miles and Smiles sweet spots disappearing, and JetBlue founder David Neeleman's bold prediction about a Spirit-Frontier merger.Subscribe to Miles & Points Daily Newsletter 👉🏼 https://milesandpointsdaily.com/Thanks to Hotel Redemptions and Award Travel Finder for sponsoring this episode!Support us - ChaseAmerican ExpressAmerican Express BusinessRakutenBilt RewardsCapital OneRamp