I’ve long been a fan of the Turkish Miles & Smiles loyalty program. It’s quirky, and often difficult. But it has provided me with massive value over the past few years. I’ve used Miles & Smiles to book everything from business class home from Europe to multiple domestic United flights to Hawaii. Which makes this massive 2024 Turkish devaluation so painful.

Turkish Devaluation 2024

I’m not going to go over all the routes that have increased in price, as it has been written about elsewhere. Most of the sweet spots are pretty much gone. There are now better miles for almost all of the awards that used to be highly prized.

Given that Turkish Miles & Smiles doesn’t have much going for it other than the award prices, they’ve lost much of the appeal they had. At least for me. There is an award cancellation fee, so that’s not something you can avoid by using Turkish. Miles & Smiles also passes along carrier surcharges, which makes some other programs better for booking carriers such as Lufthansa Group — which are known for their egregious fees.

The biggest pain of this 2024 Turkish devaluation is the lack of notice members were given. If you were sitting on Turkish miles, you had a matter of days to use them between when the announcement was made and the changes took effect. I have a small stash, and I considered trying to use them for one last premium cabin award. But ended up running out of time on February 14.

Remaining Good Uses of Turkish Miles

There are precious few uses of Turkish Miles & Smiles left. I can’t find anything in the international awards that really appeals. But Turkish remains a solid use for domestic United flights. The price for United awards — including awards to Alaska and Hawaii — is now:

  • 10,000 Miles & Smiles one-way in economy
  • 15,000 Miles & Smiles one-way in business

There are still some better options for domestic flights, however, including both Aeroplan and LifeMiles. It really depends on the origin and destination which miles are best. United MileagePlus isn’t a bad option, either, and the best one when you need to be able to cancel for free.

prices after 2024 Turkish devaluation

You can still use 15,000 Miles & Smiles for domestic United business class

Final Thoughts

One thing is for sure: I won’t be investing in Miles & Smiles like I used to. The 2024 Turkish devaluation is sad news in the award travel world. It would have been nice to have 3-6 months to be able to burn through remaining miles and make a few great bookings. It would have also been nice for Turkish to devalue incrementally. Rather than 80% jumps in award cost on some routes, keeping things to between 10-20% seems much more reasonable.

Turkish will remain a choice for domestic travel on United. And business class within the U.S. remains an excellent use. But other than that, there isn’t much appeal anymore. I’ll be focusing my miles earning elsewhere, most likely looking to Aeroplan and LifeMiles as my primary award programs, supplemented by ANA where it makes sense.

What are your thoughts on the 2024 Turkish devaluation?