After shutting down the old booking system almost a day earlier than it was supposed to, Miles&More managed to get the now one to work on time this morning. While we will publish an in-depth analysis tomorrow, we will give you a quick summary of the most interesting thing we stumbled across during our first impression.
Some of the fares we found today may be due to faulty implementation of the new program. If they are not – there are things to look forward. Join us in our quick and dirty summary of Miles&More’s new award pricing:
Table of Contents
Examples for New Sweet Spots
Here are some examples for excellent value redemptions (o/w prices):
Business Class: Oslo – Beijing in May January 2026 for 22,850 Miles + NOK 3,781 (~€321)

We have a deal for the cash prices here.
Business Class: Athens – Riyadh in February 2026 for 11,571 Miles + €238

We have a deal for the cash prices here.
Business Class: Stockholm – Delhi in October 2025 for 25,386 Miles + SEK 3,341 (~€303)

The first class fare might also be quite attractive, in this case.
Business Class: Oslo – Johannesburg in March 2026 for 38,305 miles + NOK 2,923 (~€248)

In general, prices seem to be pretty decent for departures when cash prices are also quite low. This is a foregone conclusion in light of the dynamic pricing model. Henceforth, flights to China, India and the Middle East are a good start when searching for low mileage prices. So are departures from either Norway or Sweden.
Kinks of the New System
Expensive Premium Economy, Cheap Business
When looking at the examples above, you will notice that premium economy prices are unreasonably high when comparing them to business class fares. This is a constant trend in almost all regards. Even instances in which premium economy is more expensive than business class are not uncommon:

Quirky Economy Pricing
At travel-dealz, we constantly advise against redeeming award miles for economy class tickets. Here is a nice example why we are doing it, even in light of the new rules:

While 610 miles for two flights are great – the €489 surcharges surpass the actual cost of the ticket, which prices out at €411. Unsurprisingly, this fare is no longer available.
Also, while Economy Light awards no longer include checked bags, there are routes on which Light fares are not available, for example flights from Oslo to Johannesburg.
Outrageous Spikes
Of course, dynamic pricing also leads to expensive cash tickets becoming expensive mileage tickets as well, thus destroying one of the main purposes of award miles: Saving money when paying with miles.
In some cases, prices more than doubled compared to the abolished award chart. For example, this First Class ticket was previously available for roughly 91,000 miles:

Subscribe to our WhatsApp Channel or Telegram Channel to get instant notifications for all of our best deals!
Bottom Line
Our first impression with Miles&More’s new dynamic left us astonished, amused and disappointed. For routes that are already cheap when paying with cash, the opportunities to strike bargains with miles have notably increased. However, one of the main purposes of award bookings – saving money by spending miles – has been irreversibly damaged. Also, the pricing for economy and premium economy tickets is baffling, most of the time. Of course, this article is merely anecdotal. Be sure to check back for our in-depth analysis tomorrow.
Cover Picture: Alex Tino Friedel - ATF Pictures
Comment (1)
Thanks for writing this article and sharing your first impressions! I just booked MUC–CAI in Business Class for 19,000 miles one-way, while Economy was showing 35,000 — a surprising and excellent deal. I also noticed that the ticket was marked as cancellable, even though the more expensive Flex fare includes a €250 cancellation fee. This doesn’t seem to be an isolated case, as I’ve seen similar cancellation conditions on other routes as well. Curious to see how Lufthansa handles this in practice. Looking forward to your in-depth follow-up!