As flight prices and availability fluctuate due to ongoing geopolitical tensions, travelers are increasingly utilizing their air miles to make multiple bookings for the same trip. This strategy allows them to cancel extra reservations without incurring significant losses, as many award tickets come with low or no cancellation fees. However, this practice, referred to as 'ghost bookings,' is causing challenges for airlines, which are now reassessing the value of their mile redemption offerings. The conflict between the United States and Iran, which escalated on February 28, has particularly impacted air travel, leading to fewer available reward seats and higher fares. In response, airlines such as Etihad Airways and United Airlines have begun implementing stricter policies to limit speculative bookings, including cancellation cutoffs and penalties. Additionally, credit card companies are reducing the value of air miles, with American Express lowering conversion rates for certain airline partners. This shift highlights the growing importance of flexibility in travel planning during uncertain times.