The biggest splash this site has ever made was when we wrote about the ability to buying Icelandair Saga points to redeem for cheap first class tickets to Hawaii. It was so successful that Icelandair stopped allowing it.
Gary at View from the Wing reports that Icelandair will allow points redemptions on Alaska Airlines again beginning January 20th, though at higher rates. Continental US and Canada are 25,000 miles for coach and 50,000 for First; Hawaii & Mexico are 40,000 in coach and 80,000 in First. Previously it was 20,000/30,000 for all flights.
You can buy Saga points at roughly
$1.23 $.0123 per mile (I was an English major, sorry). That means that you can buy domestic first class tickets for $615 round trip within the US (assuming there’s availability for award tickets). That’s a pretty good deal in many cases.
This is also good news for everyone who found themselves stuck with Icelandair Saga points.
Happy to answer any questions.