Miles&More devaluation: goodbye flexibility and goodbye monthly Mileage Bargains
The bad news related to the devaluation just announced by Lufthansa is not over yet, not least because to make matters worse [...]

The bad news related to the devaluation just announced by Lufthansa are not yet finished, also because Making matters worse are two drastic changes that will impact all serial point accumulators and miles in the Lufthansa Group's loyalty program, which in a few months will also become the FF of choice for ITA Airways' Italian passengers.
Goodbye flexibility at "discounted" price
In this article:
Until Jan. 2, users of miles Miles&More will be able to continue to spend 50€, as an additional fee, on their award ticket pre guaranteeing themselves maximum flexibility. Basically for this fee at the issuance of the award ticket one could guarantee both seat and baggage reservations, as well as the ability to rebook and cancel the flight.
From June 3, award tickets will follow the same fare rule as the cash ticket. This will mean that if the fare you choose does not include seat choice, baggage or cancellation this will not occur even in the case of an award ticket. Also, since the award ticket will be parameterized to the cash ticket fare, it is to be expected that you will have the lowest price at the cost of convenience and flexibility and thus a further devaluation if you aim for a non-Basic ticket.
It is important to remember that today, for example, it was possible to redeem business class from Italy to Germany for 110k miles&more plus tax, something that will definitely not be possible from tickets issued after June 3.
No More Mileage Bargain
Monthly offerings will also disappear, i.e., the Meilenschnaeppchen , promotions that every first of the month the Miles&More loyalty program would publish by discounting a number of destinations by 50%. Confirmation also comes Reisenttopia, a German blog dedicated to frequent flyers.
Did you get your flight cancelled, miss your connection, land late?
You could get up to 600€ compensation per person
The offers will not disappear, but they will be renamed to Award Flight Deals, but there are no details yet to understand, on balance, what this will mean in terms of cost and discount compared to the promotions done to date.
In conclusion
LH tries to sweeten the pot by talking about increased seat availability, but it is a depreciation really heavy also in light of a integration of Volare into the German loyalty program. A situation that will prompt many users to carefully consider whether and where they decide to accumulate their flights once the merger between Volare and Miles&More is accomplished.