Frequent Flyers, Have No Fear

Maybe you're an elite flyer, spending as much time in airport lounges as you do with your own family. Perhaps you're a miles junkie, willing to drive 150 miles out of your way to earn double points. And now, with US Airways (UAIRQ Quote) entering bankruptcy and Delta Air Lines (DAL Quote) on the brink, you're worried that your big-time status and treasure trove are about to go up in smoke.

Don't worry.

The last thing airlines want to do is alienate their best customers during a time of crisis. Ask anyone who regularly flies United Airlines, whose parent company, UAL (UALAQ Quote), filed the largest bankruptcy in the history of commercial aviation, nearly two years ago. Customers have continued to rack up miles, redeem their rewards and carry on with their lives, unaffected. ...