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“ Key ” Korean Air and Asiana Airlines Mileage Integration Report
“It is difficult to judge whether there is a good or bad situation in the current situation”
(Photo = Getty Images)
As news of the merger between Korean Air and Asiana Airlines, the two largest airlines spreads, attention is focused on how each airline’s mileage system will merge.
According to industry sources from the 19th, it is unclear how the two airlines’ mileage system will be organized, and the views of card industry officials are divided. What is certain, however, is that the number of customers who want to obtain new credit cards for which Asiana Airlines miles accumulate will decrease significantly in the future.
Previously, the government and Korea Development Bank officially announced the acquisition of Asiana Airlines by Korean Air on the 16th. When the acquisition is completed, the first and second Korean airlines will be placed under one roof, creating one of the top 10 airlines in the world.
The biggest customer concern is Korean Air and Asiana Airlines’ mileage integration ratio. This is because Korean Air’s mileage is currently recognized for a relatively higher value than Asiana’s mileage.
There are differences in operation by card company and product, but for credit cards that accumulate airline miles, it is common to accumulate 1 mile for KRW 1,500 for Korean Air and 1 mile for KRW 1,000 for Asiana Airlines.
For this reason, some insiders believe that Korean Air and Asiana’s mileage will not be recognized for the same value with a 1: 1 ratio.
An official from a credit card company said: “You will be able to use the issued card until the expiration date, but the Asiana Airlines-affiliated credit card is very likely to disappear eventually,” he said. “It would be better to switch to a Korean Air affiliate card now too.”
It is also argued that the one-on-one integration according to which Korean Air and Asiana Airlines mileage is recognized as the same value is strong. In this case, it is advantageous to use your existing Asiana Airlines miles card, which can accumulate more miles than Korean Air for a small payment amount.
Another official from the credit card company said: “It is difficult to judge the advantages or disadvantages in the current situation because you do not yet know how to do the flight miles integration report. I can’t wait to pay it,” he said. explained.
With the issue of consolidation between the two companies, interest in miles-related cards from credit card companies has started to grow again. This is because interest in airline miles accumulation cards has been low ever since the aftermath of the new coronavirus infection (Corona 19).
Currently, the representative credit cards related to air transport include △ Shinhan Card Air △ Samsung Card, including Hyundai Card’s first credit card (PLCC), introduced in partnership with Korean Air by Hyundai Card.(33,450 + 1.83%) And Platinum mileage △ Hana Card miles 1.8 mil Woori Card premium standard mileage.
Meanwhile, at the time of the announcement of the merger and acquisition between Korean Air and Asiana Airlines, the government presented only the basic principle of mileage integration.
Kim Sang-do, head of the Department for Aviation Policies at the Ministry of Land, Infrastructure and Transport, said in a back briefing that “Asiana mileage was inconvenient for consumers due to insufficient use, but Korean Air or related affiliate services can now be used, which will increase the convenience of consumers. “
[email protected] Reporter Eunji Cha, Hankyung.com
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