In a few days, Miles&More will overhaul its redemption system, probably leading to a devaluation. Anybody who still sits on a large amount of miles will most likely be curious how to get rid of them.
Miles&More is currently making this decision a lot easier. Today, there are incredibly good redemption options in Swiss’ First Class. Regularly, it is only possible for Senators or HON Circle members. At the time of writing, there is no such barrier. Even to popular destinations like New York and Tokyo, you can currently fly with Miles (+taxes & surcharges)
The is only a small catch: Almost every discounted option involves two stops. It seems like there must be at least two airlines involved to make the price drop and the flight available.
It seems like most tickets are gone now.
Examples
Here are some examples for cheap tickets:
Hamburg – Tokyo on January 7, 2026 for 111,000 miles + €404:

Tokyo – Frankfurt am March 26, 2026 for 111,000 miles + JP¥47 (~€0):

Frankfurt – New York on September 3, 2025 for 91,000 miles+ €634:

Stuttgart – Singapore on September 11, 2025, for 140,000 miles+ €135 (only Flex Plus):

Anyone holding a Senator or HON status can use the Companion Award benefit – and get a 50% discount on the second ticket when booking for two people.
Thanks to our sources, Vielfliegertreff, Reisetopia and Meilenoptimieren!