DUBAI— Emirates (EK) has updated its Skywards mileage calculator to confirm that award costs will change for bookings made on or after May 20, 2026. The update specifically affects classic rewards and upgrade rewards, which are the two most valuable ways to redeem Skywards miles.
The exact direction of the change has not been confirmed by the airline. However, the program has a long record of devaluations, and the change is expected to follow that pattern. Emirates operates its main hub from Dubai International Airport (DXB), and Skywards is positioned as part of its commercial strategy rather than a discount channel.

Emirates Skywards Adjustments
The mileage calculator now reflects upcoming changes to two redemption types: classic rewards and upgrade rewards. These are widely considered the strongest use of Skywards miles, so any adjustment carries weight for members.
Emirates has not stated whether award costs will rise or fall. In theory, the airline could lower redemption rates. In practice, the program has not introduced a positive redemption change in recent memory, and the carrier’s wider strategy points toward another increase. For now, the change is best treated as developing until the new rates are visible.
Emirates Skywards generally requires a high number of miles for awards, along with high carrier-imposed surcharges. The upcoming change adds to a long series of negative moves.
Over the years, the program has seen repeated direct devaluations, where the mileage cost of awards increased. Carrier-imposed surcharges have also risen significantly over time.
According to the source, these surcharges increased even before jet fuel costs rose due to the Iran conflict. First class awards are now restricted only to Emirates Skywards elite members, despite the high mileage cost of those seats.
The program has also worsened its conversion ratios with most transferable points currencies, and many of these are no longer 1:1, which effectively raises the cost of acquiring Skywards miles, OMAAT flagged.

Why Emirates Treats Loyalty Differently
Emirates does not run Skywards the way many United States airlines run their programs. US carriers often treat loyalty programs as loss leaders that fill empty seats and build long-term revenue from customers. Emirates takes a different view.
Skywards is treated as part of the commercial organization, both in how it earns revenue and in how it builds loyalty. The airline prefers not to offer large discounts on empty seats by releasing low-cost award space.
The intent is for a miles redemption to generate revenue similar to a cash booking, through the money Emirates receives when members transfer points into the program, plus the surcharges applied at redemption.
The program’s main loyalty value is positioned around stronger soft benefits for members who prefer the brand, rather than deeply discounted award seats. Reporting indicates this approach is intentional and not a misunderstanding of perceived value by program leadership.

How Profitability Shapes The Strategy
Emirates is widely regarded as one of the most recognized airline brands in the world, and the airline leans heavily on that brand strength.
The carrier has remained highly profitable and, according to the source, has outperformed Delta (DL) over the past two years, although the current year is expected to be different.
This financial position gives Emirates room to maintain a redemption strategy that many travelers see as uncompetitive. Whether the airline can sustain this approach over the long term remains to be seen.

Bottom Line
Emirates Skywards will adjust classic reward and upgrade reward costs for bookings made on or after May 20, 2026. The move continues a long history of devaluations across mileage costs, carrier surcharges, and redemption restrictions.
The program’s redemption value is widely viewed as uncompetitive, but that outcome appears to be intentional, given how Emirates positions Skywards within its commercial strategy.
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